Express Computer
Home  »  News  »  Global IT spending to grow 2.1% to $3.7 trillion in 2014: Gartner

Global IT spending to grow 2.1% to $3.7 trillion in 2014: Gartner

0 644

Global IT spending is expected to grow at a slower pace of 2.1 per cent at USD 3.7 trillion in 2014, on account of reduction in growth expectations for devices, data center systems and IT services, research firm Gartner today said.

This grow rate is lower than the earlier projections of 3.2 percent growth, Gartner said in a statement.

“Price pressure based on increased competition, lack of product differentiation and increased availability of viable alternative solutions has had a dampening effect on the short term IT spending outlook,” Gartner Managing Vice President Richard Gordon said.

However, 2015 through 2018 will see a return to ‘normal’ spending growth levels as pricing and purchasing styles reach a new equilibrium, he added.

For 2015, Gartner expects the total IT spending to grow 3.7 per cent to USD 3.88 trillion.

“IT is entering its third phase of development, moving from a focus on technology and processes in the past to a focus in the future on new business models enabled by digitalisation,” he said.

According to Gartner, spending on devices (including PCs, ultramobiles, mobile phones, tablets and printers) is forecast to grow 1.2 per cent in 2014 to USD 685 billion.

Spending on data center systems (USD 140 billion) and enterprise software (USD 321 billion) is expected to grow 0.4 per cent and 6.9 per cent, respectively.

IT services is expected to see 3.8 per cent growth to USD 967 billion, while telecom services are forecast to grow 0.7 per cent to USD 1.63 trillion during the period.

Get real time updates directly on you device, subscribe now.

Leave A Reply

Your email address will not be published.

LIVE Webinar

Digitize your HR practice with extensions to success factors

Join us for a virtual meeting on how organizations can use these extensions to not just provide a better experience to its’ employees, but also to significantly improve the efficiency of the HR processes
REGISTER NOW 

Stay updated with News, Trending Stories & Conferences with Express Computer
Follow us on Linkedin
India's Leading e-Governance Summit is here!!! Attend and Know more.
Register Now!
close-image
Attend Webinar & Enhance Your Organisation's Digital Experience.
Register Now
close-image
Enable A Truly Seamless & Secure Workplace.
Register Now
close-image
Attend Inida's Largest BFSI Technology Conclave!
Register Now
close-image
Know how to protect your company in digital era.
Register Now
close-image
Protect Your Critical Assets From Well-Organized Hackers
Register Now
close-image
Find Solutions to Maintain Productivity
Register Now
close-image
Live Webinar : Improve customer experience with Voice Bots
Register Now
close-image
Live Event: Technology Day- Kerala, E- Governance Champions Awards
Register Now
close-image
Virtual Conference : Learn to Automate complex Business Processes
Register Now
close-image