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Gartner Issues More Optimistic Outlook on IT Spending

By - Source: Toms IT Pro

Gartner Issues More Optmistic Outlook on IT SpendingGartner Issues More Optmistic Outlook on IT Spending

Market research firm Gartner said that the uncertainties surrounding global economic growth are likely to subside in 2013 and lay the foundation for increases in IT spending this year.

The company projects $3.7 trillion in sales, up 4.2 percent from $3.6 trillion in 2012. However, a significant portion - 0.3 percent - is attributable to value gains of foreign currencies versus the U.S. dollar.

The forecast, which covers hardware, software, IT services and telecom markets expects device spending to climb by 6.3 percent to $666 billion, data center system to jump by 4.5 percent to $141 billion, enterprise software by 6.4 percent to $278 billion, IT services by 5.2 percent to $927 billion and telecom services by 2.4 percent to $1.7 trillion.

According to Gartner, enterprise software will be driven this year by security, storage management and customer relationship management. Big data and information management are expected to see stronger growth rates not until 2014.

In telecom, mobile data services are expected to compensate for the declines in total spending for both the fixed and mobile voice services markets. By 2016, Gartner estimates, mobile data services will account for one third of the revenues of the entire telecom services market.

Wolfgang GruenerWolfgang GruenerWolfgang Gruener is a contributor to Tom's IT Pro. He is currently principal analyst at Ndicio Research, a market analysis firm that focuses on cloud computing and disruptive technologies, and maintains the blog. An 18-year veteran in IT journalism and market research, he previously published TG Daily and was managing editor of Tom's Hardware news, which he grew from a link collection in the early 2000s into one of the most comprehensive and trusted technology news sources.

See here for all of Wolfgang's Tom's IT Pro articles.