Global IT spend expected to reach $3.7 trillion in 2018
Published On: October 6, 2017 |
Global IT spending is expected to reach $3.7 trillion (£2.8 trillion) in 2018, an increase of 4.3 per cent from this year’s estimated expenditure of $3.5 trillion, according to research firm Gartner.
The forecast revealed that enterprise software and IT services continue to show strong growth, with communications services continuing to drive the majority of spending. Software outgoings are projected to grow by 8.5 per cent in 2017, growing a further 9.4 per cent in 2018 to reach $387 billion.
IT services spending is on pace to grow by four per cent in 2017 to reach $931 billion, and increase by 5.3 per cent in 2018 to reach $980 billion.
Data centre systems will likely see a growth rate of 1.8 per cent next year, rising from spend of $173 billion this year to $176 billion in 2018.
“Looking at market opportunity – how profitable a market is, how big it is and how fast is it growing today and for the next five years – we have identified the top markets that companies should be looking to be part of in 2018,” said John-David Lovelock, research vice president at Gartner.
He added: “Global IT spending is showing little overall growth, as are traditional markets. These top ten markets will be the key to remaining relevant and achieving growth in the future.”
These ten markets – which include infrastructure as a service (IaaS), integrated platform as a service (iPaas) and communications platform as a service (cPaaS) – range from technologies that enhance the digital workplace, such as workstream collaboration, workforce analytics and video message-oriented middleware (MOM), to security (endpoint detection and response), analytics (smart data discovery) and storage (in-memory data grids).
Share This Post, Choose Your Platform!
With over 20 years in the business telecoms industry and an unrivalled reputation of delivering excellent, personal customer service, Arrow is one of very few companies in the UK able to provide a full telecoms, IT and energy consultancy and service proposition.
Savings through automation, scale, improved service. We’ve got that covered. But the true value comes with empathy, through empowerment, collaboration. It’s connecting people that drives us forward. It’s people that make tomorrow happen.
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.