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Gartner: Global IT Spending to Grow 3% this Year

by: Sarah Joson

Thursday, July 12, 2012 | Outsourcing News |

According to research consultancy firm Gartner, growth in trending segments such as cloud technology, telecom, and consultancy services will boost global IT spending by 3%, reaching $3.6 trillion this year.

In a statement, Gartner Research Vice-president Richard Gordon said even with the looming economic troubles in Europe and China, as well as the slow recovery of the US, predictions for the IT industry remain positive. He added that even if there were only minimal shifts in the behaviour of businesses and consumers during the previous quarter, they are still cautious about the IT spending habits as these can change anytime.

On the other hand, Gartner anticipates that public cloud spending, enterprise-wise, will reach $109 billion in 2012, from $91 billion in 2011, and that by 2016, it will reach $207 billion.
Gordon also noted that platform as a service (PaaS), software as a service (SaaS), and infrastructure as a service (IaaS) are progressing rapidly in enterprise spending, while business process as a service (BPaaS) gets the lionís share of the segmentís spending.


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