Research firm Gartner has revealed the worldwide IT spending for 2018 and 2019.
IT spending will reach $3.74 trillion (+6.2 percent) in 2018 and $3.84 trillion (+2.8 percent) in 2019.
“Though IT spending is forecast to grow 6.2 percent this year, the declining U.S. dollar has caused currency tailwinds, which are the main reason for this strong growth,” said John-David Lovelock, research vice president at Gartner.
This is the highest annual growth rate that Gartner has forecast since 2007 and would be a sign of a new cycle of IT growth.
Enterprise software spending is forecast to achieve 11.1 percent increase due to the evolution of digital business. Application software spending will rise through 2019, and infrastructure software will also continue to grow, bolstered by modernization initiatives.
Spending on data center systems will grow 3.7 percent in 2018, down from 6.3 percent in 2017. Storage segment will face challenges.
Spending for devices — PCs, tablets and mobile phones — is forecast to grow at 6.6 percent in 2018 to $706 billion.