Latest report predicts worldwide IT spending to surge by over 3 percent, accounting for more than $3.8 trillion in 2014 compared to last year’s $3.65 trillion.
According to the report from Gartner analysts the global economy, which is showing signs of a gradual recovery, will witness more than 3.2 percent increase in the global information technology (IT) spending.
“Globally, businesses are shaking off their malaise and returning to spending on IT to support the growth of their business,” Richard Gordon, managing vice president at Gartner said.
“Consumers will be purchasing many new devices in 2014; however, there is a greater substitution toward lower cost and more basic devices than we have seen in prior years.”
The research firm expects spending on devices, including PCs, ultramobiles, mobile phones and tablets, to rise by 4.4 percent to $689 billion in 2014.
Datacenter systems spending, driven by cloud and mobile investments, is estimated to reach $143 billion in 2014, up by 2.3 percent year-over-year.
Gartner expects the enterprise software market to be the fastest-growing segment this year with a growth of 6.9 percent for a total $320 billion.
“The Nexus of Forces (the convergence of social, mobile, cloud and information) continues to drive growth across key major software markets, such as CRM, database management systems (DBMSs), data integration tools and data quality tools,” Gordon said.
“In fact, organizational adoption of data management technologies to support the Nexus will cause spending on DBMSs to surpass operating systems, making the former the largest enterprise software market in 2014.”
IT services and Telecom services spending are expected to grow by 4.6 percent to $964 billion and 1.3 percent to $1.655 trillion respectively in 2014.
