Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Gartner Raises IT Spending Growth Projection on Cloud Services

July 9 (Bloomberg) -- Global spending on information technology may grow at a 3 percent pace, faster than previously forecast, to $3.6 trillion this year as expenditures for public cloud services increase, Gartner Inc. said.

The estimate compares with Gartner’s projection last quarter of 2.5 percent growth, the Stamford, Connecticut-based researcher said in a report today. Spending on public cloud services may rise to $109 billion from $91 billion last year, Gartner said.

Telecommunication services will continue to be the largest IT market, Gartner said. It will grow 1.4 percent to $1.7 trillion this year as businesses, especially those in emerging economies, spend more on Internet connections and increase use of connected devices including media tablets, gaming, and other consumer electronics.

IT services spending may increase 2.3 percent to $864 billion this year, buoyed by demand for consulting services because of the “complexity of environments” for businesses and rising demand for analytics, Gartner said.

Worldwide IT spending growth will slow from 7.9 percent last year as the euro zone crisis, a weaker U.S. recovery and a slowdown in China curb economic growth, the researcher 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,” Richard Gordon, vice president for research at Gartner, said in a statement.

To contact the reporter on this story: Ketaki Gokhale in Mumbai at kgokhale@bloomberg.net

To contact the editor responsible for this story: Anand Krishnamoorthy at anandk@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.