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    Gartner Updates Annual IT Spending Forecasts

    It was recently issued the updated forecasts for the global IT spending in the world’s leading information technology research and advisory company Gartner. Base on the new estimate, “the worldwide IT spending will grow 7.1 percent this year to US$3.7 trillion, which is 1.5% higher than previously anticipated” About  the growth it was largely attributed to the cloud migration and it was increased in spending on software and IT services. There was a summarize that they were spending forecasts as to the IT segments, the ” Hardware spending is expected to grow at a rate of 11.7 percent to $419 billion (this is slower than last year’s growth rate of 12.1 percent).” , Then Gartner said ” Spending in the software and It services segments is largely driven by the growing adoption of public cloud services and software-as-a-service. On a percentage basis, spending on IT services will more than double, growing by 6.6 percent to reach $846 billion. Last year, spending on IT services totaled $793 billion, growing only by 3.1 percent. Software spending is expected to grow by 9.5 percent year-over-year to $268 billion, ” , “Spending on telecommunications will increase to $2.1 trillion, growing year-over-year by 6.9 percent.” this will be a better one. This updates will help a lot to the other outsourcing business which can help there business too. Outsourcing has a big impact to the society.

     

     

    Reference:

     

    http://epam-systems.blogspot.com/

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