Worldwide IT spending to touch $3.8 trillion benchmark by 2013

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

As per latest information, global IT spending is expected to reach to a total of $3.8 trillion by 2013 end, a 4.1% increase from 2012 spending of $3.6 trillion.

The report further revealed the information that the global devices spending is also expected to rise. According to an estimate, it is forecasted to reach $718 billion in 2013, up 7.9% from 2012. It’s worth noticing here that the devices spending includes the money spend on PCs, tablets, mobile phones and printers.

Richard Gordon, Managing Vice President at Gartner said, “Although the US did avoid the fiscal cliff, the subsequent sequestration, compounded by the rise of Cyprus' debt burden, seems to have netted out any benefit, and the fragile business and consumer sentiment throughout much of the world continues. However, the new shocks are expected to be short-lived, and while they may cause some pauses in discretionary spending along the way, strategic IT initiatives will continue.”

As far as worldwide enterprise software spending is concerned, it is expected to reach $297 billion by 2013 end....See More