‘Global IT spending to hit USD 3.7 trillion’

Global IT spending is forecasted to hit USD 3.7 trillion in 2018, a hike of 4.3% from 2017.

Oct 04, 2017 04:10 IST India Infoline News Service

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Global IT spending is forecasted to hit USD 3.7 trillion in 2018, a hike of 4.3% from 2017, reported a leading business daily quoting Gartner, a research and advisory firm.

Enterprise software and IT services are expected to exhibit the strongest growth with 9.4% (USD 387 billion) and 5.3% (USD 980 billion) respectively. 

The Devices segment, Data Centre Systems and Communications Services are expected to grow by 5%, 1.8%  and 2.2%, respectively to reach USD 697 billion, USD 176 billion and USD 1,417 billion spending. 

The other markets include technologies that enhance the digital workplace, such as workstream collaboration, workforce analytics and video message-oriented middleware (MOM), security (endpoint detection and response), analytics (smart data discovery) and storage (in-memory data grids). 
 
According to Gartner, there are 10 markets within these segments which will make up for most of the IT spending forecast, which includes three Cloud segments -- Infrastructure-as-a-Service (IaaS), integrated-Platform-as-a-Service (iPaas) and communications-Platform-as-a-Service (cPaaS). 

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