IT spending still in the doledrums
 

Worldwide IT spending is only going to increase by a miserable 0.6 per cent, according to beancounters at Gartner.

According to Big G fortune tellers, worldwide IT spending is forecast to total US$3.54 trillion in 2016, just a 0.6% increase over 2015 spending of US$3.52 trillion.

Last year saw the largest US dollar drop in IT spending since Gartner began tracking IT spending. $216 billion less was spent on IT in 2015 than in 2014. Gartner predicts that 2014 spending levels will not be surpassed until 2019.

John-David Lovelock, research vice president at Gartner blamed the rising US dollar. “US multinationals’ revenues faced currency headwinds in 2015. However, in 2016 those headwinds go away and they can expect an additional 5 per cent growth.”

http://www.techeye.net/business/it-s...-the-doledrums