IT Management Slideshow: Gartner: Tech Spending To Jump 7% in 2011

Gartner: Tech Spending To Jump 7% in 2011

Global spending on all IT (including computing hardware, enterprise software, IT services and telecom) is expected to total $3.67 trillion in 2011, a 7.1% increase over 2010.

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Spending on global IT services is forecast to reach $846 billion in 2011, a 6.6% increase from 2010.

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The computing and hardware segment is poised for the strongest growth among the IT categories, with spending expected to grow 11.7% from 2010, to $419 billion in 2011.

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Organizations will spend an estimated $268 billion on enterprise software this year, up 9.5% from 2010.

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Worldwide spending on public cloud services is forecast to total $89 billion in 2011, up from $74 billion in 2010.

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Gartner predicts the market for worldwide public cloud services will reach $177 billion by 2015.

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Gartner analysts say spending on public cloud services represented about 2% of total global IT spending in 2010. By 2015 it will account for less than 5% of the total dollars spent on IT worldwide.

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Overall worldwide IT spending is forecast to grow at a compound annual growth rate of 5% per year from 2010 to 2015.

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Worldwide public cloud services are forecast to grow at a compound annual growth rate of 19% per year from 2010 to 2015.

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Within cloud services, business process services are expected to garner the largest portion of spending each year, totaling about $70 billion in 2011.