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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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Why The Slowdown?

There are several factors impacting the slowdown in IT spending growth.

John-David Lovelock, research vice president at Gartner, said in a statement that 2019 IT spending will see growth despite uncertainty from recession rumors, Brexit, and trade wars and tariffs.

"However, there are a lot of dynamic changes happening in regards to which segments will be driving growth in the future. Spending is moving from saturated segments such as mobile phones, PCs and on-premises data center infrastructure to cloud services and Internet of Things (IoT) devices. IoT devices, in particular, are starting to pick up the slack from devices. Where the devices segment is saturated, IoT is not," Lovelock said.

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