IT spending is projected to total $3.9 trillion in 2020

Stefan Mileschin · 20th January 2020, 07:56

Increase of 3.4 percent

Worldwide IT spending is projected to total $3.9 trillion in 2020, an increase of 3.4 percent from 2019, according to the latest forecast by Gartner.

Global IT spending is expected to cross into $4 trillion territory for the first time next year.

Gartner VP John-David Lovelock said that although political uncertainties pushed the global economy closer to a recession, it did not occur in 2019 and is still not the most likely scenario for 2020.

“With the waning of global uncertainties, businesses are redoubling investments in IT as they anticipate revenue growth, but their spending patterns are continually shifting.”

Software will be the fastest-growing major market this year, reaching double-digit growth at 10.5 percent

“Almost all of the market segments with enterprise software are being driven by the adoption of software as a service (SaaS)”, according to Lovelock.

“We even expect spending on forms of software that are not cloud to continue to grow, albeit at a slower rate. SaaS is gaining more of the new spending, although licensed-based software will still be purchased and its use expanded through 2023.”

https://fudzilla.com/news/50142-it-s...illion-in-2020

20th January 2020, 07:56	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,575	IT spending is projected to total $3.9 trillion in 2020 Increase of 3.4 percent Worldwide IT spending is projected to total $3.9 trillion in 2020, an increase of 3.4 percent from 2019, according to the latest forecast by Gartner. Global IT spending is expected to cross into $4 trillion territory for the first time next year. Gartner VP John-David Lovelock said that although political uncertainties pushed the global economy closer to a recession, it did not occur in 2019 and is still not the most likely scenario for 2020. “With the waning of global uncertainties, businesses are redoubling investments in IT as they anticipate revenue growth, but their spending patterns are continually shifting.” Software will be the fastest-growing major market this year, reaching double-digit growth at 10.5 percent “Almost all of the market segments with enterprise software are being driven by the adoption of software as a service (SaaS)”, according to Lovelock. “We even expect spending on forms of software that are not cloud to continue to grow, albeit at a slower rate. SaaS is gaining more of the new spending, although licensed-based software will still be purchased and its use expanded through 2023.” https://fudzilla.com/news/50142-it-s...illion-in-2020

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