Spending on IT to hit $3.6 trillion this year: Gartner

Jul 10, 2012
A telecommunications specialist mounts data storage equipment in Moscow in February 2012. Industry tracker Gartner on Tuesday said that worldwide spending on information technology (IT) was on pace to hit $3.6 trillion this year despite trouble in the global economy.

Industry tracker Gartner on Tuesday said that worldwide spending on information technology (IT) was on pace to hit $3.6 trillion this year despite trouble in the global economy.

The revised estimate by Gartner projects that IT spending will be slightly more than previously expected, climbing three percent from the prior year's tally.

"While the challenges facing global economic growth persist -- the eurozone crisis, weaker US recovery, a in China -- the outlook has at least stabilized," said vice president Richard Gordon.

"There has been little change in either business confidence or consumer sentiment in the past quarter, so the short-term outlook is for continued caution in IT spending."

Investments in storing data or hosting computer services in the Internet "cloud" and in and services were bright spots in the growth outlook, according to Gartner.

Companies were on track to spend a combined total of nearly $1.7 trillion on and $377 billion on telecom equipment in what would represent increases of 1.4 percent and 10.8 percent, respectively, from the prior year.

Researchers expected spending on public cloud services to grow from $91 billion last year to $207 billion by the year 2016.

"Business process as a service still accounts for the vast majority of cloud spending by enterprises, but other areas such as platform as a service, software as a service and infrastructure as a service are growing faster," Gordon said.

Explore further: As dust clears, what's next for Sony?

add to favorites email to friend print save as pdf

Related Stories

Gartner forecasts 5.6% rise in IT spending

Mar 30, 2011

Worldwide information technology spending is expected to rise 5.6 percent this year with tablet computers like Apple's iPad helping to drive growth, a technology research company said Wednesday.

Gartner: Tech spending will rebound in 2010

Oct 19, 2009

(AP) -- Research group Gartner Inc. says the information technology industry is closing its worst year on record, with worldwide tech spending on track to decline 5.2 percent in 2009.

Tech industry recovery under way, says Forrester

Apr 08, 2010

(AP) -- A new report on information technology provided further evidence that an industry recovery is under way, with U.S. spending now expected to grow faster than previously believed.

Recommended for you

As dust clears, what's next for Sony?

6 hours ago

The Sony hacking attack continues to deliver more dramatic plotlines than any fictional movie, but meanwhile the movie studio must move forward and tackle the next steps in minimizing the mess. Will Sony ...

It's down to the wire for online shopping

9 hours ago

As the holiday shopping season winds down, FedEx, UPS and online retailers are using the last few days to try to avoid the problems that occurred last year when severe winter weather and a surge in late orders ...

China's Xiaomi raises more than $1 bn in funding

Dec 21, 2014

China's top smartphone seller Xiaomi Corp. is raising more than $1 billion in a fresh round of funding, a move which would raise its valuation above $45 billion, a report said Sunday.

Why the Sony hack isn't big news in Japan

Dec 20, 2014

Japan's biggest newspaper, Yomiuri Shimbun, featured a story about Sony Corp. on its website Friday. It wasn't about hacking. It was about the company's struggling tablet business.

Sony faces 4th ex-employee lawsuit over hack

Dec 20, 2014

A former director of technology for Sony Pictures Entertainment has sued the company over the data breach that resulted in the online posting of his private financial and personal information.

Sony tells AFP it still plans movie release

Dec 20, 2014

Sony Pictures boss Michael Lynton denied Friday the Hollywood studio has "caved" by canceling the release of "The Interview," and said it still hoped to release the controversial film.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.