Global IT spending to reach USD3.6 trillion -

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Global IT spending to reach USD3.6 trillion

Tuesday, 10 July 2012

Global IT spending is expected to grow 3 percent to Rs 18,360,000 crore (USD 3.6 trillion) in 2012 on the back of growth in segments like cloud computing, telecom and consulting services, said Gartner. This is slightly higher than Gartner’s projection of 2.5 percent growth in the last quarter.
“While the challenges facing global economic growth persist — the Euro Zone crisis, weaker US recovery, a slowdown in China — the outlook has at least stabilised,” Gartner Research Vice-President, Richard Gordon, said. 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, he added.

Global IT spending is expected to grow 4.4 per cent in 2013.

Global enterprise spending on public cloud services is expected to grow to Rs. 555900 crore (USD 109 billion) in 2012 from Rs. 464100 crore (USD 91 billion) in 2011. 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.- Communications Today Bureau

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