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Global IT spending to grow 3.2% in 2019: Gartner
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IANS | 18 Oct, 2018
Driven by increased Cloud adoption, worldwide IT spending is projected
to total $3.8 trillion in 2019, an increase of 3.2 per cent from
expected spending of $3.7 trillion in 2018, according to the latest
forecast by market research firm Gartner.
Global spending for
devices -- PCs, tablets and mobile phones -- is forecast to grow 2.4 per
cent in 2019, reaching $706 billion, up from $689 billion in 2018, the
report said. "While currency volatility and the potential for
trade wars are still playing a part in the outlook for IT spending, it's
the shift from ownership to service that is sending ripples through
every segment of the forecast," John-David Lovelock, Research Vice
President at Gartner, said in a statement on Thursday.
"What
this signals, for example, is more enterprise use of Cloud services ?
instead of buying their own servers, they are turning to the Cloud,"
Lovelock said. Enterprise software spending is forecast to experience the highest growth with an 8.3 per cent increase in 2019.
Software
as a service (SaaS) is driving growth in almost all software segments,
particularly customer relationship management (CRM), due to increased
focus on providing better customer experiences.
Cloud software will grow at more than 22 per cent this year compared with six per cent growth for all other forms of software.
While
core applications such as ERP (enterprise resource planning), CRM
(customer relationship management) and supply chain continue to get the
lion share of dollars, security and privacy are of particular interest
right now.
The report noted that 88 per cent of recently
surveyed global CIOs have deployed or plan to deploy cybersecurity
technology in the next 12 months. In 2018, data centre systems
are expected to grow six per cent, buoyed by a strong server market that
saw spending growth of more than 10 per cent over the last year, and in
2018 will come in at 5.7 per cent growth.
However, by 2019
servers will shift back to a declining market and drop one per cent to
three per cent every year for the next five years, the report said.
This, in turn, will impact overall data centre systems spending as growth slows to 1.6 per cent in 2019, it added. IT
services will be a key driver for IT spending in 2019 as the market is
forecast to reach $1 trillion in 2019, an increase of 4.7 per cent from
2018.
"As enterprises continue their digital transformation
efforts, shifting to 'pay for use' will continue. This sets enterprises
up to deal with the sustained and rapid change that underscores digital
business," Lovelock said. Gartner's IT spending forecast
methodology relies heavily on analysis of sales by thousands of vendors
across the entire range of IT products and services.
The market
research firm said it uses primary research techniques, complemented by
secondary research sources, to build a comprehensive database of market
size data on which to base its forecast.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
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66.20
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64.50 |
UK Pound
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87.50
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84.65 |
Euro
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78.25
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75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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