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Global IT spending to grow 6.2% in 2018, hit $3.7 trillion: Gartner

Meanwhile, global spending on data centre systems is forecast to grow 3.7 per cent in 2018 -- down from 6.3 per cent in 2017

IANS  |  New Delhi 

Intelenet has seen many changes in ownership since it was founded as an equal joint venture between TCS and HDFC in 2000

is projected to hit total $3.7 trillion in 2018 -- an increase of 6.2 per cent from 2017, market research firm said on Monday.

"Although is forecast to grow 6.2 per cent this year, the declining US dollar has caused currency tailwinds which are the main reason for this strong growth," John-David Lovelock, at Gartner, said in a statement.

is forecast to experience the highest growth in 2018 with an 11.1 per cent increase.

The is expected to continue capitalising on the evolution of digital business while is expected to continue to rise through 2019 and will also continue to grow.

"This is the highest annual growth rate that has forecast since 2007 and would be a sign of a new cycle of IT growth. Through 2018 and 2019, the US dollar is expected to trend stronger due to the uncertain political environment, the North American Free Trade Agreement renegotiation and the potential for trade wars," Lovelock added.

Meanwhile, global spending on is forecast to grow 3.7 per cent in 2018 -- down from 6.3 per cent in 2017.

Spending for devices sush as PCs, tablets and is forecast to grow in 2018, reaching $706 billion -- an increase of 6.6 per cent from 2017.

"The device market continues to see dual dynamics. Some users are holding back from buying, and those that are buying are doing so, on average, at higher price points," Lovelock noted.

"As a result, end-user spending will increase faster than units through 2022. However, total end-user spending and unit shipments are expected to be lower compared with previous forecasts as demand for ultramobile premium devices, and basic phones is expected to be slow," Lovelock added.

 

First Published: Mon, April 09 2018. 17:47 IST
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