HomeNewsWorldGartner lowers global IT spending growth forecast

Gartner lowers global IT spending growth forecast

In 2013, the market grew 0.4 percent over 2012. The total spending in 2013 is estimated at about USD 3.66 trillion, Gartner said in a statement today. Enterprise software spending growth is expected to be the strongest at 6.8 percent to touch USD 320 billion by 2014-end from USD 300 billion last year.

January 07, 2014 / 11:06 IST

Global IT spending is expected to pick up pace this year and grow 3.1 percent to touch USD 3.77 trillion on the back of higher enterprise software and device sales, according to research firm Gartner. In 2013, the market grew 0.4 percent over 2012. The total spending in 2013 is estimated at about USD 3.66 trillion, Gartner said in a statement today. Enterprise software spending growth is expected to be the strongest at 6.8 percent to touch USD 320 billion by 2014-end from USD 300 billion last year.

Also read: Infosys looking at ways & means to revive biz sentiment 

Spending on devices such as PCs, ultramobiles, mobile phones and tablets, which contracted 1.2 percent in 2013, is expected to increase 4.3 percent to USD 697 billion. Convergence of the PC, ultramobiles (including tablets) and mobile phone segments, as well as erosion of margins, will take place as differentiation will soon be based primarily on price instead of the task-orientation of devices, Gartner said.

Spending on IT services is expected to grow 4.5 percent to USD 963 billion, while on data centre systems, it is projected to touch USD 143 billion, up 2.6 percent. Spending on telecom services is estimated to expand 1.2 percent to USD 1.63 trillion in 2014.

first published: Jan 6, 2014 09:56 pm

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