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Gartner points out that investments will reach US$ 3.5 trillion

 

Gartner points out that worldwide IT spending is expected to total US$ 3.5 trillion in 2017, an increase of 2.7% compared to 2016. However, this growth rate is lower than previous projections of 3%.
 
“2017 was poised to be a year of recovery in IT spending. A few key trends converged, including Cloud, blockchain, digital business, and artificial intelligence. Typically, this would have driven IT spending far beyond the 2.7% growth. However, some of the political uncertainty in global markets has fostered a wait-and-see strategy, causing many companies to shy away from IT investments," explains John-David Lovelock, vice president of Research at Gartner.
 
Gartner's Worldwide IT Expense Forecast is the most important indicator of key technology trends in the hardware, software, IT services and telecommunications markets. For more than a decade, global IT and business executives have used these highly anticipated quarterly reports to recognize market opportunities and challenges and base their critical business decisions on proven methodologies.
 
Worldwide spending on devices (PCs, tablets, ultraportables and mobiles) is expected to remain stable in 2017, reaching US$ 589 billion (see Table 1). A switch cycle in the PC market, the high prices and features of premium ultraportables will help fuel growth in 2018. Emerging countries will drive the switch cycle for mobile phones as smartphones in these markets are used as a device computing power and replaced more regularly than in developed regions.
 
The global IT services market will grow by 4.2% in 2017. Buyer investments in digital business, intelligent automation, and service optimization and innovation continue to drive market growth, but careful shopping, fueled by large economic challenges, remains a counterbalance to faster development.
 
“The variance in expenditure growth will be much greater in 2017 than in recent years. Typically, the economic environment causes some level of division, however, in 2017, this is compounded by increased levels of uncertainty,” says Lovelock. "The result of this uncertainty is a divide between individuals and corporations that will spend more due to opportunities that arise and those that will retract or stop spending on IT."
 
For example, the aggressive creation of cloud computing platforms by companies like Microsoft, Google and Amazon is one item that is driving the forecast made for the global server market to reach 5.6% growth in 2017. This has been revised against growth forecast of 3% in the last quarter, an increase sufficient to overcome the expected decline of 3% in base-controlled external storage and allow the Data Center Systems segment to grow by 2.6% in 2017.
 
Gartner's IT expense forecasting methodology relies heavily on rigorous analysis of sales from thousands of vendors across the full spectrum of IT products and services. Gartner uses primary research techniques, supplemented by secondary research sources, to build a comprehensive database of market size information on which to base its forecast.
 

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