Gartner: IT spending stable, growth in Cloud services

But growth rates are slower than last year, according to new figures

Global spending on IT products and services will rise 3 percent in 2012 to US$3.6 trillion, according to figures released by research firm Gartner. The forecast is up from the 2.5 percent growth projection Gartner issued earlier this year.

"While the challenges facing global economic growth persist -- the eurozone crisis, weaker U.S. recovery, a slowdown in China -- the outlook has at least stabilized," said Gartner research Vice President Richard Gordon in a statement. However, "continued caution" is advisable for the near future, according to Gordon.

Public cloud services spending will jump to $109 billion this year, compared to $91 billion last year, Gartner said.

Global IT services spending is set to grow 2.3 percent to $864 billion in 2012, according to Monday's announcement.

Spending on hardware will account for $420 billion this year, a rise of 3.4 percent.

Enterprise software spending will be $281 billion in 2012, a 4.3 percent jump.

Many enterprise software stocks suffered last week, following data-integration vendor Informatica's announcement that its second-quarter results would fall short of market expectations. Informatica CEO Sohaib Abbasi cited the "changing macroeconomic environment, especially in Europe," as a contributing factor.

Meanwhile, telecom equipment spending will be $377 billion this year, a 10.8 percent rise. Spending on telecom services is set to grow 1.4 percent to about $1.69 trillion, according to Gartner.

The analyst firm plans to discuss the spending outlook in greater detail during a webcast event on Tuesday, including forecasts through 2016.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Chris Kanaracus

IDG News Service
Show Comments

Brand Post

Bitdefender 2018

Secure and Save before time runs out with Bitdefender Exclusive Clearance Offer! Get Bitdefender Total Security 2018 Now!

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?