Why IT Spending Will Decline in 2016

Why IT Spending Will Decline in 2016

Why IT Spending Will Decline in 2016Why IT Spending Will Decline in 2016

The spending outlook does not translate to any halt in digital initiatives, but it does mean CIOs and other leaders will need to revise spending models.

Spending SlipSpending Slip

Overall IT spending totaled just more than $3.5 trillion in 2015, down 6% from the year before.

Leveling OffLeveling Off

Overall IT spending is projected to decrease to about $3.49 trillion this year, down .5% compared to 2015.

Hard FallHard Fall

Communications services spending declined to $1.47 trillion this past year, down 8.4% from 2014.

Dangling ConversationDangling Conversation

The communications services market is expected to fall to $1.44 trillion in 2016, down 1.2% this year.

Service DeclineService Decline

IT services spending dropped to $910 billion in 2015, down 4.7% from the year before.

On the UptickOn the Uptick

The IT services market is forecasted to grow to $929 billion this year, up 2.1% from 2015.

Hardware Hard TimesHardware Hard Times

Device spending declined to $650 billion in 2015, a drop of 6.4% from the year before.

Device OverloadDevice Overload

Device spending will further decline to $626 billion this year, down 3.7% from 2015.

Soft ThudSoft Thud

Software spending declined to $308 billion last year, a drop of 1.9% from 2014.

Developing TrendDeveloping Trend

Software spending is projected to increase to $321 billion this year, up 4.2% from 2015.

Data-Driven, Part IData-Driven, Part I

Spending on data center systems reached $171 billion last year, up 2.9% from 2014.

Data-Driven, Part IIData-Driven, Part II

The data center systems market is expected to increase to $175 billion in 2016, up 2.1% from 2015.

Dennis McCafferty
Dennis McCafferty
Dennis McCafferty is a contributor to CIO Insight. He covers topics such as IT leadership, IT strategy, collaboration, and IT for businesses.

Get the Free Newsletter!

Subscribe to Daily Tech Insider for top news, trends, and analysis.

Latest Articles