Gartner upgrades worldwide IT spending forecast
“Gartner on Thursday upgraded its forecast for worldwide IT spending, saying it will grow 7.1 percent this year to US$3.7 trillion as companies migrate to the cloud and spend more on software and IT services.
The research firm previously forecast a growth of 5.6 percent in worldwide IT spending compared to last year, in which spending totaled $3.4 trillion and increased 5.9 percent from 2009. Growth in IT spending will continue through 2012, said Richard Gordon, research vice president at Gartner, in a statement.
The revised projections reflect the minimal impact on tech spending of the Japan earthquake and tsunami on March 11, which affected supply chains and caused extensive damage to buildings and factories along the country’s eastern coast. The earthquake may have caused problems in supply of components, but it hasn’t affected overall IT spending, Gordon said.”