How Much Will the World Spend on IT in 2012?

The Gartner consulting firm expects worldwide IT spending to eclipse last year due to more spending on enterprise cloud services and consulting.

by / July 9, 2012 0

Worldwide IT spending is set to hit $3.6 trillion by the end of 2012, $100 billion more than last year, according to the most recent projections from the Gartner IT consultancy.

“While the challenges facing global economic growth persist — the eurozone crisis, weaker U.S. recovery, a slowdown in China — the outlook has at least stabilized,” said Richard Gordon, research vice president of Gartner, in a statement “There has been little change in either business confidence or consumer sentiment in the past quarter, so the short-term outlook is for continued caution in IT spending.”

Although significant growth hasn’t occurred in the last year, Gartner projects a major increase in enterprise spending on public cloud services — a jump from $91 billion worldwide last year to $109 billion by the end of 2012. By 2016, Gartner expects enterprise public cloud services spending to hit $207 billion annually.

“Business process as a service (BPaaS) still accounts for the vast majority of cloud spending by enterprises, but other areas such as platform as a service (PaaS), software as a service (SaaS) and infrastructure as a service (IaaS) are growing faster,” Gordon said.

Global spending on IT services is expected to reach $864 billion by the end of this year — up 2.3 percent from last year. Demand for consulting services is expected to remain high because Gartner analysts said “consulting itself is becoming increasingly technology-based with the rise of analytics and big data, having deep implications on the future of consulting services.”



 

 

 

 

 

Conversation starter: How do you think money is being spent on IT worldwide? Have spending trends changed from 2011?