Investments in Emerging Technologies to Drive IT Spend
My Mobile|February 2018

Global IT spending forecasted to reach USD3.7 trillion in 2018 while digital business, blockchain, IoT and AI to drive growth

Investments in Emerging Technologies to Drive IT Spend

Worldwide IT spending is projected to total uSD3.7 trillion in 2018, an increase of 4.5 percent from 2017, according to the latest forecast by Gartner, Inc.

“Global IT spending growth began to turn around in 2017, with continued growth expected over the next few years. However, uncertainty looms as organizations consider the potential impacts of brexit, currency fluctuations, and a possible global recession,” says John-David Lovelock, research Vice President at Gartner.

“Despite this uncertainty, businesses will continue to invest in IT as they anticipate revenue growth, but their spending patterns will shift. Projects in digital business, blockchain, Internet of Things (IoT), and progression from big data to algorithms to machine learning to artificial intelligence (aI) will continue to be main drivers of growth,” points out Mr Lovelock.

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