Global IT spending to near $4 trillion

Global IT spending reach $4 trillion

Global IT spending reach $4 trillion

by SAVIOUS KWINIKA
JOHANNESBURG, (CAJ News) – WORLDWIDE information technology (IT) spending is projected to increase by more than 3 percent to total US$3,8 trillion (about R54.036 trillion) in 2019.

This is according to Gartner, the world’s leading research and advisory company, which forecasts an increase from expected spending of $3,7 trillion in the current year.

John-David Lovelock, Research Vice President at Gartner, said while currency volatility and the potential for trade wars were still playing a part in the outlook for IT spending, it was the shift from ownership to service that was sending ripples through every segment of the forecast.

“What this signals, for example, is more enterprise use of cloud services — instead of buying their own servers, they are turning to the cloud,” he said.

Lovelock said as organisations continued their digital transformation
efforts, shifting to “pay for use” would continue.

“This sets enterprises up to deal with the sustained and rapid change that underscores digital business,” he said.

Enterprise software spending is forecast to experience the highest growth with an 8,3 percent increase in 2019.

Cloud software is projected grow at more than 22 percent this year
compared with 6 percent growth for all other forms of software.

Worldwide spending for devices including computers, tablets and mobile phones is forecast to grow 2,4 percent in 2019, reaching $706 billion.

IT services will be a key driver for IT spending in 2019 as the market is forecast to reach $1 trillion in 2019, an increase of 4,7 percent from 2018.

– CAJ News

 

 

 

 

 

 

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Posted by on Oct 18 2018. Filed under Africa & World, Featured, Finance, Finance & Banking, Governance, Investing, Investing, Mobile & Telecoms, National, News, Regional, Software, Technology. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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