IT spending forecast to hit $3.7tn next year
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.