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Global IT spending to reach $3.5 trillion in 2017: Gartner

Software spending is projected to grow six per cent in 2016. It will grow another 7.2 per cent in 2017 to total $357 billion

IANS  |  Mumbai 

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Driven by growth in software and IT services revenue, worldwide is forecast to reach $3.5 trillion in 2017 -- up 2.9 per cent from 2016 estimated spending of $3.4 trillion, market research firm said on Wednesday.

Software spending is projected to grow six per cent in 2016. It will grow another 7.2 per cent in 2017 to total $357 billion, the report said. The report said IT services spending is on pace to grow 3.9 per cent in 2016 to reach $597 billion and increase 4.8 per cent in 2017 to reach $943 billion.

While discussing the impact of on IT investment at the "Symposium/ITxpo" event here, John-David Lovelock, research vice president at Gartner, said that the immediate impact of has caused modest growth in to turn negative for 2016.

"Without the UK, global growth would have been modestly positive at 0.2 per cent in 2016, but with the UK included, is expected to decrease 0.3 per cent. The immediate impact of the British will also cause the patterns to shift as prices for IT will increase," Lovelock added.

While talking about trends in the wake of the US presidential election, Lovelock said that there is a slight pause in leading into the election and then a relief in spending, subsequently.


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Global IT spending to reach $3.5 trillion in 2017: Gartner

Software spending is projected to grow six per cent in 2016. It will grow another 7.2 per cent in 2017 to total $357 billion

Software spending is projected to grow six per cent in 2016. It will grow another 7.2 per cent in 2017 to total $357 billion
Driven by growth in software and IT services revenue, worldwide is forecast to reach $3.5 trillion in 2017 -- up 2.9 per cent from 2016 estimated spending of $3.4 trillion, market research firm said on Wednesday.

Software spending is projected to grow six per cent in 2016. It will grow another 7.2 per cent in 2017 to total $357 billion, the report said. The report said IT services spending is on pace to grow 3.9 per cent in 2016 to reach $597 billion and increase 4.8 per cent in 2017 to reach $943 billion.

While discussing the impact of on IT investment at the "Symposium/ITxpo" event here, John-David Lovelock, research vice president at Gartner, said that the immediate impact of has caused modest growth in to turn negative for 2016.

"Without the UK, global growth would have been modestly positive at 0.2 per cent in 2016, but with the UK included, is expected to decrease 0.3 per cent. The immediate impact of the British will also cause the patterns to shift as prices for IT will increase," Lovelock added.

While talking about trends in the wake of the US presidential election, Lovelock said that there is a slight pause in leading into the election and then a relief in spending, subsequently.


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Business Standard
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Global IT spending to reach $3.5 trillion in 2017: Gartner

Software spending is projected to grow six per cent in 2016. It will grow another 7.2 per cent in 2017 to total $357 billion

Driven by growth in software and IT services revenue, worldwide is forecast to reach $3.5 trillion in 2017 -- up 2.9 per cent from 2016 estimated spending of $3.4 trillion, market research firm said on Wednesday.

Software spending is projected to grow six per cent in 2016. It will grow another 7.2 per cent in 2017 to total $357 billion, the report said. The report said IT services spending is on pace to grow 3.9 per cent in 2016 to reach $597 billion and increase 4.8 per cent in 2017 to reach $943 billion.

While discussing the impact of on IT investment at the "Symposium/ITxpo" event here, John-David Lovelock, research vice president at Gartner, said that the immediate impact of has caused modest growth in to turn negative for 2016.

"Without the UK, global growth would have been modestly positive at 0.2 per cent in 2016, but with the UK included, is expected to decrease 0.3 per cent. The immediate impact of the British will also cause the patterns to shift as prices for IT will increase," Lovelock added.

While talking about trends in the wake of the US presidential election, Lovelock said that there is a slight pause in leading into the election and then a relief in spending, subsequently.


image
Business Standard
177 22