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Global IT Spending To Hit $3.88T By 2020, Gartner Says: 5 Things To Know

Spending will be up from 2018's total global IT spending of $3.65 trillion, but flat spending on data center systems and anemic growth in spending on communications services and IT devices trumps the good growth expected for enterprise software and IT services.

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IT Spending To Grow, But Growth Slowing Down

Gartner forecasts that worldwide IT spending will reach $3.77 trillion in 2019, and $3.88 billion in 2020. However, a close look at the numbers suggests a forecast that is not actually that pretty.

The analyst firm estimated that overall IT spending grew by 3.9 percent in 2018 over 2017 to reach $3.65 trillion. However, the growth rate for 2019 over 2018 is forecast to fall to 3.2 percent, while growth for 2020 over 2019 is forecast to fall even more, to 2.8 percent.

The result? Growth in total spending, but at a slower rate. Click through our slideshow to get a better look at Gartner’s analysis.

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