Friday, May 24, 2019
News

Global IT spending to touch $3.79 tn in 2019: Gartner

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

Mumbai | Wednesday, 2019 10:45:05 PM IST
Global IT spending is projected to total $3.79 trillion in 2019, an increase of 1.1 per cent from 2018, the latest forecast by Gartner Inc. said on Wednesday.

The data centre systems segment will experience the largest decline in 2019 with a decrease of 2.8 per cent primarily due to expected lower average selling prices (ASPs) in the server market driven by adjustments in the pattern of expected component costs.

"Currency headwinds fueled by the strengthening US dollar have caused us to revise our 2019 IT spending forecast down from the previous quarter. Through the remainder of 2019, the US dollar is expected to trend stronger while enduring tremendous volatility due to uncertain economic and political environments and trade wars," John-David Lovelock, Research Vice President at Gartner, said in a statement.

In 2019, the market is forecast to reach $427 billion, up 7.1 per cent from $399 billion in 2018.

The largest Cloud shift has so far occurred in application software.

However, the market research firm expects an increased growth for the infrastructure software segment in the near-term, particularly in integration platform as a service (iPaaS) and application platform as a service (aPaaS).

"The choices CIOs make about technology investments are essential to the success of digital business. Disruptive emerging technologies, such as artificial intelligence (AI), will reshape business models as well as the economics of public- and private-sector enterprises. AI is having a major effect on IT spending, although its role is often misunderstood," Lovelock added.

The shift of enterprise IT spending from traditional (noncloud) offerings to new, Cloud-based alternatives is continuing to drive growth in the enterprise software market.

--IANS ksc/vd

( 286 Words)

2019-04-17-16:36:04 (IANS)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE SCIENCE NEWS
SpaceX launches 60 Starlink satellites...
Virtual Reality can better detect early ...
Snapchat employees abused users' private...
Facebook pulls down over 3 billion fake ...
Google revamps Search design for mobile ...
Trump 'master' of the platform: Twitter ...
More...
 
INDIA WORLD ASIA
Congress wins 52 seats in LS polls...
Terrorist Zakir Musa killed in encounter...
BJP retains all seven seats in Delhi...
It's a new morning for Amethi: Smriti Ir...
Negative campaign against PM Modi boomer...
Trump congratulates Modi over election v...
More...    
 
 Top Stories
UN looks forward to working with Mo... 
Rains bring down mercury in Himacha... 
Smriti Irani thanks voters for Amet... 
India 2nd in government requests fo... 
PM Modi meets Advani... 
Modi's victory tribute to Vajpayee,... 
Party is over for Samajwadi family,... 
2 women dead in Mumbai building fir...