ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
  • Markets
    • Stocks
    • Global Markets
    • IPO
    • Companies
    • Currency
    • Commodities
  • My Money
  • Web Stories
  • Calculators
    • Income Tax Calculator
    • Home Loan/EMI Calculator
    • Mutual Fund Returns Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • SIP calculator
    • Lumpsum Calculator
    • SWP Calculator
  • Videos
    • M Se Market
    • Jeb Zindagi Zaroorat
    • Light Camera Stocks
    • Tech Takes
    • Big Bulls Ka Nishana
    • Paisa Wasool
    • Commodity Ke MrityunjayMantra
    • The Right Property Show
  • Economy & Infra
    • Policy & Initiatives
    • Agriculture
    • Telecom
    • Aviation
    • Railways
    • Retail
    • Roadways
    • World Economy
  • Exclusive
    • Wealth Guide
    • Interviews
  • Auto
    • Cars
    • Bikes
    • Electric Vehicle
    • Commercial Vehicles
  • Tech
    • Mobiles
    • Gadgets
    • Reviews
    • Tips and Tricks
    • Apps
  • Real Estate
    • Home Buyers
    • Builders
  • Trending
    • Entertainment
    • Politics
    • Lifestyle
    • Travel
    • Sports
    • IPL 2023
    • Karnataka Elections 2023
    • Viral
    • Education
    • Jobs
Read in App
Business News » Companies News

Global IT spending forecast to grow by 2.7% in 2017: Gartner

The over IT spending in 2017 is expected to grow to $3.5 trillion from $3.37 trillion in 2016.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Global IT spending forecast to grow by 2.7% in 2017: Gartner
Global IT spending to increase after a slump last year. Photo: Pixabay

Worldwide IT spending is projected to total $3.5 trillion in 2017, a 2.7% increase from 2016. However, this growth rate is down from earlier projections of 3%, according to Gartner report. This comes after a 0.6% decline in growth in 2016.

The over IT spending in 2017 is expected to grow to $3.5 trillion from $3.37 trillion in 2016. IT spending is expected to further grow by 2.6% in 2018 to $3.55 trillion.

Enterprise software is going to be the biggest driver of growth of worldwide IT spending. It is expected to grow by 6.8% in 2017 to $355 billion. In 2016 it had posted a 5.9% growth at $333 billion.

Worldwide IT Spending Forecast (Billions of U.S. Dollars)
 
2016
Spending
2016
Growth (%)
2017
Spending
2017
Growth (%)
2018 Spending
2018 Growth (%)
Data Center Systems
170
-0.6
175
2.6
176
1.0
Enterprise Software
333
5.9
355
6.8
380
7.0
Devices
588
-8.9
589
0.1
589
0.0
IT Services
899
3.9
938
4.2
981
4.7
Communications Services
1,384
-1.0
1,408
1.7
1,426
1.3
Overall IT
3,375
-0.6
3,464
2.7
3,553
2.6
Source: Gartner (January 2017)

It will be followed by spends in IT services which is expected to grow by 4.2% to $938 bullion from $899 billion in 2016.

Communication services is expected to see a come back in growth at 1.7% to $1.4 trillion. In 2016 it had posted a 1% decline in growth with spends at $1.3 trillion.

"2017 was poised to be a rebound year in IT spending. Some major trends have converged, including cloud, blockchain, digital business and artificial intelligence. Normally, this would have pushed IT spending much higher than 2.7% growth," said John-David Lovelock, research vice president at Gartner. "However, some of the political uncertainty in global markets has fostered a wait-and-see approach causing many enterprises to forestall IT investments."

Worldwide devices spending (PCs, tablets, ultramobiles and mobile phones) is projected to remain flat in 2017 at $589 billion. A replacement cycle in the PC market and strong pricing and functionality of premium ultramobiles will help drive growth in 2018. Emerging markets will drive the replacement cycle for mobile phones as smartphones in these markets are used as a main computing device and replaced more regularly than in mature markets.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
IT spendsenterprise softwareWorldwide IT spendingIT servicescommunication servicesGartnerJohn-David LovelockPC marketIT
Written By: ZeeBiz WebTeam
Updated: Thu, Jan 12, 2017
07:17 pm
Mumbai, ZeeBiz WebDesk
RELATED NEWS
Global IT spends to rise to $1.25 trillion by 2017: Report Global IT spends to rise to $1.25 trillion by 2017: Report
Govt's IT spends to reach $7 billion in 2016: Report Govt's IT spends to reach $7 billion in 2016: Report
50% smart city citizens may voluntarily share personal data, Gartner says 50% smart city citizens may voluntarily share personal data, Gartner says
IT services spend to touch $ 7.2 billion this year, Gartner says IT services spend to touch $ 7.2 billion this year, Gartner says
60% digital businesses to face service failures by 2020: Gartner 60% digital businesses to face service failures by 2020: Gartner

LATEST NEWS

From PAN-Aadhaar linking to EPS higher pension, key financial deadlines in June 2023

Mumbai Goa Vande Bharat Express: Timings, stoppages, route and travel time

9 Years of PM Modi: From Vande Bharat to modernised railway stations, how Indian Railways has transformed under Modi govt

Coronavirus cases in India: Active Covid cases in country dip to 3,736

Q&A with Pralhad Joshi: India will be ‘Atmanirbhar’ in thermal coal by 2025–26, says Coal Minister

'Strong, trustworthy': Anil Singhvi has a big long-term 'buy' on HDFC Bank

9 Years of PM Modi: 9 farmer welfare schemes introduced by Modi Govt

Apple WWDC 2023: iOS 17, VR Headset, 'several' Macs expected

Kia India sales up 3% in May

Gold price today (June 2, 2023): Yellow metal trades flat above Rs 60,000 —check out prices in Mumbai Delhi and other cities

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2023. Indiadotcom Digital Private Limited. All Rights Reserved.
LIVE TV