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: Mexico City proposes regulations for Uber

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

Mexico City proposes regulations for Uber

Jul 04, 2015

Mexico City is proposing regulations that would allow Uber and other smartphone-based ride-sharing apps to operate, while requiring drivers and cars to be registered, the city's Office of Legal and Legislative Studies said ...

Shyp reclassifies contract couriers as employees

Jul 03, 2015

Shyp, the quickly growing startup that provides on-demand courier services, said Wednesday it would reclassify its contract workers as employees, becoming the latest high-profile tech company to change how it compensates ...

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.