Global IT spending to grow 2.1% in 2014: Gartner
01/07/2014 17:38
Worldwide IT spending is on pace to total USD 3.7 trillion in 2014, a 2.1 percent increase from last year, however, this grow rate is down from earlier projections of 3.2 percent growth, according to the latest forecast by Gartner, Inc. The information technology research and advisory company estimated that the slower outlook for 2014 is attributed to a reduction in growth expectations for devices, data center systems and to some extent IT services. “Price pressure based on increased competition, lack of product differentiation and the increased availability of viable alternative solutions has had a dampening effect on the short term IT spending outlook,” said Richard Gordon, managing vice president at Gartner. “However, 2015 through 2018 will see a return to ‘normal’ spending growth levels as pricing and purchasing styles reach a new equilibrium. IT is entering its third phase of development, moving from a focus on technology and processes in the past to a focus in the future on new business models enabled by digitalization.”
01/07/2014 17:38
Worldwide IT spending is on pace to total USD 3.7 trillion in 2014, a 2.1 percent increase from last year, however, this grow rate is down from earlier projections of 3.2 percent growth, according to the latest forecast by Gartner, Inc. The information technology research and advisory company estimated that the slower outlook for 2014 is attributed to a reduction in growth expectations for devices, data center systems and to some extent IT services. “Price pressure based on increased competition, lack of product differentiation and the increased availability of viable alternative solutions has had a dampening effect on the short term IT spending outlook,” said Richard Gordon, managing vice president at Gartner. “However, 2015 through 2018 will see a return to ‘normal’ spending growth levels as pricing and purchasing styles reach a new equilibrium. IT is entering its third phase of development, moving from a focus on technology and processes in the past to a focus in the future on new business models enabled by digitalization.”
