Global IT spending to reach $3.7 trillion in 2014: Gartner

Tags: IT
Global IT spending is expected to pick up pace this year and grow 3.1% to touch $3.77 trillion on the back of higher enterprise software and device sales, according to research firm Gartner.

In 2013, the market grew 0.4% over 2012. The total spending in 2013 is estimated at about $3.66 trillion, Gartner said in a statement today.

Enterprise software spending growth is expected to be the strongest at 6.8% to touch $320 billion by 2014-end from $300 billion last year.

Spending on devices such as PCs, ultramobiles, mobile phones and tablets, which contracted 1.2% in 2013, is expected to increase 4.3% to $697 billion.

Convergence of the PC, ultramobiles (including tablets) and mobile phone segments, as well as erosion of margins, will take place as differentiation will soon be based primarily on price instead of the task-orientation of devices, Gartner said.

Spending on IT services is expected to grow 4.5% to $963 billion, while on data centre systems, it is projected to touch $143 billion, up 2.6%.

Spending on telecom services is estimated to expand 1.2% to $1.63 trillion in 2014.

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