5 Key IT Spending Trends

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Gartner earlier this month released its latest IT spending forecast. While overall global IT expenditures are projected to be flat this year, software was a bright spot.

Data Center Systems

Data Center Systems(in $millions)

2015 Spending: $171,213

2015 Growth: 2.9%

2016 Spending: $174,578

2016 Growth: 2.0%

Software

Software

(in $millions)

2015 Spending: $313,948

2015 Growth: 1.1%

2016 Spending: $332,207

2016 Growth: 5.8%

Devices

Devices

(in $millions)

2015 Spending: $662,295

2015 Growth: -4.6%

2016 Spending: $627,235

2016 Growth: -5.3%

IT Services

IT Services

(in $millions)

2015 Spending: $865,818

2015 Growth: -3.4%

2016 Spending: $897,643

2016 Growth: 3.7%

Communications Services

Communication Services

(in $millions)

2015 Spending: $1,400,049

2015 Growth: -9.2%

2016 Spending: $1,380,782

2016 Growth: -1.4%

Overall IT Spending

(in $millions)Data Center Systems

2015 Spending: $3,413,324

2015 Growth: -5.5%

2016 Spending: $3,412,436

2016 Growth: 0%

This article is reprinted courtesy of Insurance Networking News

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