Research firm Gartner Inc. expects worldwide enterprise IT spending to total $2.7 trillion in 2012, a 3.9% increase from 2011 spending of $2.6 trillion. While the cloud still accounts for a relatively small percentage of spending on IT, investments in cloud services will grow sharply in the coming years, the firm says.

Gartner provided its latest outlook for the IT industry on Oct. 17 to an audience of 8,500 CIOs and IT leaders at Gartner Symposium/ITxpo.

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