Global IT Spending Expected to Rise in 2015

By Dennis McCafferty  |  Posted 02-03-2015 Email

Overall worldwide spending on technology is expected to rise at a healthy rate in 2015, according to the most recent market forecast from Gartner. The nearly 2.5% increase, however, is actually down from prior predictions of just under 4%, Gartner reports. The highly regarded tech research and advisory company regularly releases its Worldwide IT Spending Forecast, which focuses on major trends impacting hardware, software, IT services and telecom sales indicators. Given strong demand for smartphones, tablets and other gadgets, demand for devices is expected to sharply rise. And projections for enterprise software remain even more robust. Still, even the most positive of results must be viewed within the proper economic context. "The change in forecast is less dramatic than it might at first seem," said John-David Lovelock, research vice president at Gartner. "The rising U.S. dollar is chiefly responsible for the change." The forecast is based on an analysis of sales of thousands of vendors representing the entire range of IT products and services.

Dennis McCafferty is a freelance writer for Baseline Magazine.


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