Enterprise Cloud Spending Hits $207M in 2016

By - Source: Toms IT Pro

Gartner has updated its IT spending forecast and is slightly more optimistic than it was last quarter.

Gartner has updated its IT spending forecast and is slightly more optimistic than it was last quarter.

The market research firm previously anticipated growth of about 2.5 percent and now says that it estimates an increase of 3.0 percent from $3.5 trillion in 2011 to $3.6 trillion this year.

While economic challenges are still keeping the prediction in the realm of cautious optimism, Gartner said that there are a few bright spots in its charts. Especially cloud computing, which is still a rather small item in the overall picture, is poised for growth.

Companies will be spending $109 billion on cloud services in 2012, up from $91 billion in 2011. By 2016, the analysts expect cloud computing services to reach a volume of $207 billion. "Business process as a service still accounts for the vast majority of cloud spending by enterprises, but other areas such as platform as a service, software as a service and infrastructure as a service are growing faster," Richard Gordon, research vice president at Gartner, said.

Gartner has updated its IT spending forecast and is slightly more optimistic than it was last quarter. Gartner has updated its IT spending forecast and is slightly more optimistic than it was last quarter.

Overall IT services spending is forecasted to climb from $845 billion in 2011 to $864 billion this year. Telecom services remains the biggest ticket in enterprise IT spending, which will climb slightly from $1.66 billion in 2011 to $1.69 billion in 2012, Gartner believes.

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