Worldwide IT spending is estimated to reach $3.54 trillion during 2016, totalling 0.6 percent growth. While this may seem unsubstantial, overall IT spending fell $216 billion, or 5.3 percent, during 2015. IT spending will finally surpass 2014 levels during 2019.
Gartner estimates $1.4 billion will be spent in communications services, $940 billion will be spent in IT services, $641 billion will be spent in devices, 326 billion will be spent in software and $175 billion will be spent in data center systems. Device spending will see the largest decline, with negative 1.9 percent growth, and software will see the largest increase, with 5.3 percent growth.
Gartner theorizes that an increase in cloud infrastructure adoption, as well as new countries with emerging markets such as Brazil and Russia will be responsible for the 2016 increase in IT spending.
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