Global IT Spending 2011 Projections Revised Upward to $3.7 Trillion
Researcher Gartner expects 7.1 percent uptick in worldwide IT spending for 2011, up from prior 5.6 percent estimates.
Worldwide IT spending is expected to crest at $3.67 trillion in 2011, a 7.1 percent jump from the $3.42 trillion spent globally last year, according to figures compiled by researcher Gartner Inc.
The researcher forecasted global spending on computer hardware to run up by nearly 12 percent in 2011 to some $419 billion, holding 2010s growth rate. Worldwide spending for enterprise software is expected to reach $268 billion this year for a 9.5 percent increase.
Gartner said that the lions share of IT spending will be generated by services, with some $846 billion, a 6.6 increase over 2010, and telecom at $2.1 trillion, for a 7 percent bump from last years totals.
Richard Gordon, Gartner research vice president, suggested that the forecast of increased IT spending in 2011 is somewhat unexpected.
It is a bit surprising that we have not seen a more significant impact on our global IT spending forecast as a results of the Japan earthquake and tsunami, but despite widespread concerns about disruptions to the supply of critical components in the initial aftermath of the natural disaster, there has not been a dramatic impact on overall IT spending," said Gordon.
"For 2011 as a whole, we expect Japan IT spending to be down in local currency, but we expect a positive growth trend to emerge in the second half of the year and continue into 2012," he said.
Gartner said that public cloud services spending, which is projected to reach $89 billion in 2011, up from $74 billion in 2010, will represent only about 2 percent of global IT spending this year as it did last year. By 2015, clouds services still will constitute less than 5 percent of overall IT spending worldwide, the researcher said.
"Nevertheless, the emergence and adoption of cloud is an important trend, and in some markets, it's already a significant factor," Gordon said. "For example, at about $10 billion, software as a service (SaaS) already accounts for 10 percent of enterprise applications software spending, and by 2015 this share is expected to increase to close to 15 percent and to exceed $20 billion in annual spending," he said.