According to a recent report by research firm Gartner, global IT spending will increase by 3.1 percent in 2014 to touch $ 3.77 Trillion. Gartner forecasts the increase will be led by higher enterprise software and device sales.
The research firm added that in 2013 the total IT spending grew at a negligible 0.4 percent over 2012 and the total IT spending was estimated at $3.66 Trillion.
Gartner stated that Enterprise software spending growth will touch $320 billion by 2014-end from $300 billion last year, a growth of nearly 6.8 per cent. The firm added that spending on smart devices including PCs, mobile phones, tablets and smartphones which had declined to 1.2 percent last year will increase to 4.3 percent to USD 697 billion in 2014.
The report added that the total spending on IT services is expected to grow 4.5 per cent to $963 billion and on data centre systems, the spending is expected to touch USD 143 billion, up nearly 2.6 per cent.
Spending on telecom services will increase to 1.2 per cent to USD 1.63 trillion in 2014. The research firm has contracted the increase in total spending by half a percent to 1.2 percent than its previous forecast of 1.9 percent in the sector.
"The rate that consumers are shifting to wireless-only households, households with neither fixed line phone nor fixed line broadband, was higher in 2013 than we predicted and has a faster rate of substitution going forward,” said Gartner analyst John Barber in an email.
Gartner had earlier forecasted an increase of 3.6 percent in global IT spending. The report had highlighted that by 2017 nearly half of first time computer purchases will be a tablet. The report stated that smartphones and tablets are slowly taking up PC sales and will constitute nearly 80 percent of all device spending by 2017.