Global IT Spending to Grow 6% in 2018: report

In BICSI Bytes by

Worldwide IT spending is projected to total $3.7 trillion in 2018, an increase of 6.2% from 2017, according to the latest forecast by Gartner.


“This is the highest annual growth rate that Gartner has forecast since 2007 and would be a sign of a new cycle of IT growth,” said John-David Lovelock, research vice president at Gartner. “The declining US dollar has caused currency tailwinds, which are the main reason for this strong growth. Spending on IT around the world is growing at expected levels and is in line with expected global economic growth.”


Enterprise software spending is forecast to experience the highest growth in 2018 with an 11.1% increase. Barring unexpected disruption, the software industry is expected to continue capitalising on the evolution of digital business. Application software spending is expected to continue to rise through 2019, and infrastructure software will also continue to grow, bolstered by modernisation initiatives.


Even with a strong end to 2017, worldwide spending on datacentre systems is forecast to grow 3.7% in 2018, down from 6.3% growth in 2017.


Worldwide spending for PCs, tablets and mobile phones is forecast to grow in 2018, reaching US$706 billion, an increase of 6.6% from 2017.


“The device market continues to see dual dynamics,” said Lovelock. “Some users are holding back from buying, and those that are buying are doing so, on average at higher price points. As a result, end-user spending will increase faster than units through 2022. However, total end-user spending and unit shipments are expected to be lower compared with previous forecasts, as demand for ultramobile premium devices, ultramobile utility devices and basic phones is expected to be slow.”