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Worldwide IT spending projected to grow to $3.79 trillion in 2019, says Gartner

April 18, 2019
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According to a forecast by Gartner, worldwide IT spending is projected to amount to $3.79 trillion in 2019, up by 1.1 per cent from 2018.

The forecast suggests that data center systems segment will witness the largest decline in 2019, decreasing by around 2.8 per cent. This can mainly be attributed to lower average selling prices (ASPs) in the server market driven by adjustments in the pattern of expected component costs.

Further, growth in the enterprise software market will continue to be driven by the shift of enterprise IT spending from traditional (non-cloud) offerings to new, cloud-based alternatives. In 2019, the market is forecast to reach $427 billion, an increase of 7.1 per cent as against $399 billion in 2018.

As per Gartner’s estimates, the cloud shift has occurred in application software. However, Gartner expects increased growth for the infrastructure software segment in the near-term, particularly in integration platform as a service (iPaaS) and application platform as a service (aPaaS).

Commenting on the forecast John-David Lovelock, research vice president, Gartner said, “Currency headwinds fueled by the strengthening U.S. dollar have caused us to revise our 2019 IT spending forecast down from the previous quarter. Through the remainder of 2019, the U.S. dollar is expected to trend stronger, while enduring tremendous volatility due to uncertain economic and political environments and trade wars.

 
 
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