In a recent report from global research firm Gartner, global spending on IT products and services will reach $3.6 trillion. This is a three percent increase this year compared to the 2.5 percent growth forecast in 2011.
Last year, public cloud services reached $91 billion. This year, Gartner predicts this will increase to $109 billion. When it comes to global spending on IT services, it is predicted to reach $864 billion or a 2.3 percent increase. Moreover, global spending on hardware products will increase by 3.4 percent, or $420 billion. Enterprise software spending is likewise predicted to rise by 4.3 percent this year. Gartner also said spending on telecom equipment will reach $377 billion, while a 1.4 percent increase is expected when it comes to telecom services.
According to Richard Gordon, Gartner Research Vice-president, global spending on IT products and services is stable despite economic problems such as slow recovery of the US economy.