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When the economic crisis hit, organizations scurried to find ways to cut back and keep their businesses afloat. Survival was key. Investments and projects of all kinds were put on hold, including upgrading and replacing enterprise software systems. A forecast alert by Gartner showed that enterprise software spending between 2008 and 2009 dropped by 2.6%. No doubt, enterprise software spending is one of the areas in which organizations consciously chose to cut back.
This blog post reviews the impact of the economic crisis on enterprise software buying behavior across a comprehensive list of industries and identifies those industries that suffered the most.
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