IT and cloud services spending set to rise - Mitrefinch - Mitrefinch

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IT and cloud services spending set to rise

Published: February 10, 2016

Firms are spending increasing amounts of money on cloud adoption services, according to new findings.

A new report published by Gartner revealed that global IT spending is expected to increase by 0.6 per cent. In particular, spending in the IT services market is expected to return to growth in 2016, following a decline of 4.5 per cent in 2015.

It is projected to reach 940 billion this year, up 3.1 per cent from 2015. This is mainly due to accelerating momentum in cloud infrastructure adoption and buyer acceptance of the cloud model. The report found that the total spent on IT is expected to come to $3.54 trillion or (£2.50 trillion) in 2016. This is a marked improvement from 2015, which saw the largest US dollar drop in IT spending since Gartner began tracking IT spending.

Speaking about the findings, John-David Lovelock, research vice president at Gartner said: “The rising US dollar is the villain behind 2015 results. US multinationals’ revenue faced currency headwinds in 2015. However, in 2016 those headwinds go away and they can expect an additional five per cent growth.”

At the same time, devices market (PCs, ultramobiles, mobile phones, tablets and printers) is forecast to decline 1.9 per cent in 2016.

Data center systems’ spending is projected to reach $75 billion in 2016, a 3.0 per cent increase from 2015.

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