IT spend­ing fore­cast to hit $3.7tn next year

The National - News - - BUSINESS -

World­wide IT spend­ing is pro­jected to to­tal US$3.7 tril­lion in 2018, an in­crease of 4.3 per­cent from 2017, ac­cord­ing to the lat­est fore­cast by in­dus­try an­a­lysts Gart­ner. En­ter­prise soft­ware and IT ser­vices con­tinue to ex­hibit strong growth, with com­mu­ni­ca­tions ser­vices con­tin­u­ing to drive the ma­jor­ity of spend­ing. Soft­ware spend­ing is pro­jected to grow 8.5 per cent in 2017, and it will grow an­other 9.4 per cent in 2018 to to­tal $387 bil­lion. IT ser­vices spend­ing is on pace to grow 4 per cent in 2017 to reach $931bn, and in­crease 5.3 per cent in 2018 to reach $980bn.

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