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IT Spending to Hit $3.8 Trillion This Year

April 02, 2014 - News

IT spending across the globe is on pace to hit $3.8 trillion this year, up 3.2 percent from 2013, according to new research from Gartner Inc.

The predicted higher numbers come thanks to a gradual recovery in the world economy.

"Globally, businesses are shaking off their malaise and returning to spending on IT to support the growth of their business," said Richard Gordon, managing vice president at Gartner.

To that point, outlay on everything from data center systems and enterprise software to IT and telecom services looks to be on the rise.

For example, according to the Gartner Worldwide IT Spending Forecast, cloud, mobility and virtualization are driving demand for data center Ethernet switches and WLAN equipment. Gartner projects data-center systems spending will reach $143 billion in 2014, a 2.3 percent increase from last year.

Enterprise software, meanwhile, should total $320 billion, 6.9 percent more than a year ago. In fact, this market represents the fastest-growing segment in 2014, Gartner found.

Next, IT services should go up 4.6 percent to $964 billion, as buyers shift from planning projects to implementing them, Gartner said.

Finally, Gartner forecasts that telecom services spending will grow 1.3 percent in 2014, with spending reaching $1.655 trillion. Businesses continue to trade in TDM connections in favor of SIP trunking, the research firm noted.

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