Sexual harassment complaints: 2 FIRs registered against Wrestling Federation of India chief, 1 of them under Pocso
Coronavirus situation under control in Delhi, not terrible, says Kejriwal
Maruti reports 54% YoY decline in sales in June; sells less than 40% of pre-coronavirus level
Government Bans 59 Chinese Apps Including Tik-Tok, Shareit, UC Browser, and WeChat
PM Modi to address the nation at 4 pm: What to expect
Maharashtra Extends Lockdown Till July 31 Day After Urging Caution
Coronavirus Vaccine Update
Swarms Of Desert Locusts Reach Delhi Outskirts After Gurugram
Delhi fighting difficult battle against COVID-19, will emerge victorious: Kejriwal
2-Week Lockdown In Guwahati From Monday; Minister Says "Shop By Sunday"
YouTube likely to come up with TikTok-like short video platform
Rs 2,000 crore from PM CARES Fund to be spent on 50,0000 ventilators for COVID-19 patients
Baba Ramdev's Patanjali launches India's 'first Ayurvedic' medicine for coronavirus, Coronil
Coronavirus: Glenmark conducts Fabiflu trial on 1,000 patients; to compete with Gilead's Remdesivir
Jio's golden touch makes Reliance Industries share rise 108% in 3 months
Coronavirus vaccine: When will it be ready? Moderna, AstraZeneca offer answers
Chennai lockdown starts today: Check what is allowed, not allowed
Coronavirus vaccine: Singapore scientists discover 5 antibodies that can combat COVID-19
India-China tension: Indian Army releases list of 20 martyrs; wreath ceremony begins in Leh
Tamil Nadu announces 'maximised restricted lockdown' from June 19 in Chennai, 3 other districts

Latest Posts

IT spending to reach $3.9 trillion in 2020 globally

trending tech news

Worldwide IT spending is projected to total USD 3.9 trillion in 2020, an increase of 3.4 per cent from the previous calendar year, according to the latest forecast by Gartner, Inc.

Global IT spending is expected to cross into $ 4 trillion territory next year, the research firm said.

"Although political uncertainties pushed the global economy closer to recession, it did not occur in 2019 and is still not the most likely scenario for 2020 and beyond, said John-David Lovelock, distinguished research vice president at Gartner, in a statement.

"With the waning of global uncertainties, businesses are redoubling investments in IT as they anticipate revenue growth, but their spending patterns are continually shifting," he added.

Software will be the fastest-growing major market this year, reaching double-digit growth at 10.5 per cent.

"Almost all of the market segments with enterprise software are being driven by the adoption of software as a service (SaaS)," he said.

"We even expect spending on forms of software that are not cloud to continue to grow, albeit at a slower rate. SaaS is gaining more of the new spending, although licensed-based software will still be purchased and its use expanded through 2023," Lovelock added.

Growth in enterprise IT spending for cloud-based offerings will be faster than growth in traditional (non- cloud) IT offerings through 2022, Gartner said.

Organisations with a high percentage of IT spending dedicated to cloud adoption is indicative of where the next- generation, disruptive business models will emerge, it noted.

The headwind coming from a strong U.S dollar has become a deterrent to IT spending on devices and data centre equipment in effected countries.

"For example, mobile phone spending in Japan will decline this year due to local average selling prices going up as a result of the U.S dollar increasing. The U.K's spending on PCs, printers, servers and even external storage systems is expected to decline by three per cent, too," said Lovelock.

Despite last quarter showing the sharpest decline within the device market among all segments, it will return to overall growth in 2020 due to the adoption of new, less- expensive phone options from emerging countries.

"The almost USD 10 billion increase in device spending in Greater China and Emerging Asia/Pacific is more than enough to offset the expected declines in Western Europe and Latin America," said Lovelock.

×

Alert Message

Ok
Please Wait...

Share the Opinion Poll with your Friends At

Ok

Share the Survey with your
Friends At

Ok
×

Statistics

Ok
No
×

Statistics

Ok