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Gartner Says 2019 Global IT Spending Will Grow To $3.8 Trillion. Here’s How It Breaks Down

Gartner gave forecasts for five categories of global IT spending, with the smallest category showing the highest growth and vice versa.

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Growth Across The Board

Market research firm Gartner expects worldwide IT spending to grow by 3.2 percent in 2019 to $3.8 trillion, compared to an estimated 2018 IT spending of $3.7 trillion as the IT industry shifts from a focus on owning infrastructure to a focus on services. Worldwide IT spending in 2017 was estimated by Gartner to be $3.5 trillion.

Gartner in mid-October released its forecast during the its annual Gartner Symposium/ITxpo 2018 conference.

Spending on communications was and is expected to be the biggest component of worldwide IT spending, accounting for nearly 38 percent of the total spending, Gartner estimated. However, when it comes to growth, enterprise software continues to take the crown, the analyst firm said.

John-David Lovelock, a research vice president at Gartner, said in a statement that issues like currency volatility and possible trade wars can impact IT spending, but it is the move to services that is having the biggest impact.

"What this signals, for example, is more enterprise use of cloud services — instead of buying their own servers, [businesses] are turning to the cloud. As enterprises continue their digital transformation efforts, shifting to ‘pay for use’ will continue. This sets enterprises up to deal with the sustained and rapid change that underscores digital business," Lovelock said.

For a detailed breakdown of 2019 IT spending estimates for five key areas of the industry, turn the page.

 
 
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