IT Pro is supported by its audience. When you purchase through links on our site, we may earn an affiliate commission. Learn more

IT spending could reach £3.5 trillion in 2017

Enterprise software will record 7.5% growth, predicts Gartner

growth

Global IT spending will hit 3.5 trillion in 2017, according to analyst firm Gartner's latest forecast.

The figure, which represents an increase of 2.4% over last year's IT spending, is the second time that Gartner's 2017 spending forecast has been revised. The firm initially predicted a growth of 2.7%, but marked this down to 1.4% in April thanks to a rise in the value of the dollar versus other currencies.

Gartner has now raised its growth prediction again - thanks to the dollar falling in value - and while it is still less than was initially forecast, the figure is substantially up from 2016, where total IT spending growth was just 0.3%.

The biggest increases will be seen in the enterprise software market, where the firm says spending will swell by more than 7.5%. Devices (including PCs, tablets and smartphones) will grow by almost 4% to a total value of $654 billion. Other areas such as data centre systems and communications services will have minimal, but still positive, growth.

"With the increased adoption of SaaS-based enterprise applications, there also comes an increase in acceptance of IT operations management tools that are also delivered from the cloud," said John-David Lovelock, vice president and distinguished analyst at Gartner.

"These cloud-based tools allow infrastructure and operations (I&O) organisations to more rapidly add functionality and adopt newer technologies to help them manage faster application release cycles. If the I&O team does not monitor and track the rapidly changing environment, it risks infrastructure and application service degradation, which ultimately impacts the end-user experience and can have financial as well as brand repercussions."

Featured Resources

The state of Salesforce: Future of business

Three articles that look forward into the changing state of Salesforce and the future of business

Free Download

The mighty struggle to migrate SAP to the cloud may be over

A simplified and unified approach to delivering Enterprise Transformation in the cloud

Free Download

The business value of the transformative mainframe

Modernising on the mainframe

Free Download

The Total Economic Impact™ Of IBM FlashSystem

Cost savings and business benefits enabled by FlashSystem

Free Download

Recommended

Economic downturn now perceived a bigger threat to business than ransomware
Business strategy

Economic downturn now perceived a bigger threat to business than ransomware

21 Jul 2022

Most Popular

Cyber attack on software supplier causes "major outage" across the NHS
cyber attacks

Cyber attack on software supplier causes "major outage" across the NHS

8 Aug 2022
Why convenience is the biggest threat to your security
Sponsored

Why convenience is the biggest threat to your security

8 Aug 2022
How to boot Windows 11 in Safe Mode
Microsoft Windows

How to boot Windows 11 in Safe Mode

29 Jul 2022