IT spending set to pass $3.6 trillion this year

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IT research company Gartner has released a global IT spending forecast for 2012 that estimates that the total amount spent on IT this year will exceed last year’s total of $3.524 trillion.

Richard Gordon, research vice president at Gartner, said “While the challenges facing global economic growth persist — the eurozone crisis, weaker US recovery, a slowdown in China — the outlook has at least stabilised. There has been little change in either business confidence or consumer sentiment in the past quarter, so the short-term outlook is for continued caution in IT spending.”

The projected total of $3.628 trillion spent on IT this year encompasses computing hardware, enterprise software, IT services and telecoms services and equipment. Spending on public cloud services by enterprise is expected to expand from $91 billion last year to $109 billion this year. Enterprise public cloud services spending will apparently exceed $200 billion by 2016.

“Business process as a service (BPaaS) still accounts for the vast majority of cloud spending by organisations, but other areas such as platform as a service (PaaS), software as a service (SaaS) and infrastructure as a service (IaaS) are growing faster”

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