I guess this news is bitter sweet for IT service and product providers across the globe. With the recession looming over the entire industry, it’ll be important to keep an eye on these numbers especially if you are looking to make money on IT investments.

Similar to the slight increase projected for 2010 for the software industry, global advertising has hit a low point and may also show signs of a slight recovery in 2010.

Gartner adjusted its previous 2009 spending forecast downward this week to a decline of 6%, rather than the 3.8% the research firm estimated in March.

Gartner attributes the adjustment to continued weak IT spending and declining revenue across all four major IT segments: hardware, software, IT services and telecommunications.

….

“The forecast decline in spending growth for the hardware and software segments in 2009 has almost stabilized,” Gordon added. “However, the full impact of the global recession on the IT services and telecommunications sector is still emerging and forecast growth in these areas had been further reduced significantly.”

via Gartner adjusts 2009 IT spend downward again.