July 9, 2012 – Worldwide IT spending will hit $3.6 trillion this year, inching slightly higher than previous estimates with more money coming from cloud and as-a-service investments, according to Gartner Research.
The new spending estimate is 3 percent, or half a percentage point more than projections for 2012 made during the first quarter of the year. The uptick is due to “stabilized” economic concerns over European debt, a slowdown of expansion in China and a weaker-than-anticipated U.S. recovery, according to Gartner Research VP Richard Gordon. That percentage-point growth expectation is still lower than in pre-recession years, with only single-digit annual increases for some market areas like enterprise applications.
Register or login for access to this item and much more
All Information Management content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access