Gartner projects global IT spending to grow 6.2% in 2018 at Rs 3.7 trillion

Highest growth forecast by research firm since 2007

Worldwide IT spending is projected to total $3.7 trillion in 2018, an increase of 6.2 per cent over 2017, research and analyst firm Gartner said in a report on Monday revising its earlier projection upward. This is the highest annual growth rate that Gartner has forecast since 2007 which signals a new cycle of IT growth, the research firm added.

In an earlier report released in this January, Gartner had projected 4.5 per cent growth in worldwide IT spending.

“Although global IT spending is forecast to grow 6.2 percent this year, the declining US dollar has caused currency tailwinds, which are the