Gartner Envisages More IT, Software Spending This Year
As per its revised projections, Gartner reveals that there will be more IT and software spending occurring this year. While spending on IT services will more than double, rising by 6.6% to USD 846 billion, there will be a year-over-year growth of 9.5% in software spending to USD 268 billion. Greater adoption of cloud computing services is emerging as a main driver for increased IT and software spending this year. Software spending is especially increasing as companies have largely started employing software- as-a-service.
Software-as-a-service already accounts for 10% of enterprise applications software spending. This is expected to rise to 15% exceeding USD 20 billion in annual software spending by 2015, as per Richard Gordon, research vice president at Gartner.
The revised projections also show that the Japan earthquake and the March 11 tsunami have had minimal influence on tech spending, although these disasters affected the supply chains and caused lot of damage to buildings and factories along Japan's eastern coast.