Worldwide IT spending to total $3.9 trillion in 2020

2020-01-17 05:00

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

Global IT spending is expected to cross into $4 trillion territory next year.

"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.".

Growth in enterprise IT spending for cloud-based offerings will be faster than growth in traditional IT offerings through 2022.

Mobile phone spending in Japan will decline this year due to local average selling prices going up as a result of the U.S. dollar increasing. The U.K.'s spending on PCs, printers, servers and even external storage systems is expected to decline by 3%, too," said Mr. Lovelock.

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