Slow growth ahead for IT spending, Gartner says

The days of go-go, double-digit growth for tech are long gone and do not appear to be on the way back anytime soon. Even though businesses are moving to the cloud and adopting new technology to stay competitive, global IT spending will be more or less flat this year and growth will remain sluggish through 2020, according to Gartner.

The market research firm is forecasting worldwide IT spending to total US$ 3.49 trillion this year, a 0.5 percent decline from 2015. That’s down from a forecast of 0.5 percent growth the company made last quarter. The change in the forecast is mainly the result of the dollar’s growing strength against other currencies.

To read this article in full or to leave a comment, please click here

Network World Cloud Computing


RSS-5

Author: Maria Dehn

Maria Dehn is a Writer at OpenStackServers.com. She has held editorial management positions for numerous print and Web publications. She has more than 17 years of Information Technologies and journalism experience and has written many books on cloud computing. She can be reached at [email protected]

Leave a Reply

Your email address will not be published. Required fields are marked *