Worldwide IT spending is expected to total $3.49 trillion in 2016, a decline of 0.5% compared with 2015 spending of $3.5 trillion, according to Gartner Inc. But spending on IT services, software, and data center technology is projected to increase, the research firm predicts.
"There is an undercurrent of economic uncertainty that is driving organizations to tighten their belts, and IT spending is one of the casualties," said John-David Lovelock, research vice president at Gartner, of the firm's latest IT budget forecasts.
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