|January 13, 2014|
|Gartner Predicts Global IT Spending To Reach $3.8 Trillion|
|By Sean Patterson|
| As the world has become more connected, the global economy has shifted significantly toward information technology. On the eve of the Consumer Electronics Show in Las Vegas, Market research firm Gartner this week predicted that global IT spending is set to grow 3.1% during 2014.
The firm predicts global IT spending to reach $3.8 trillion by the end of this year, a modest increase over the $3.7 trillion that Gartner estimates was spent in the industry in 2013.
The growth represents a shift from 2013, in which a nearly stagnant 0.4% growth was seen in IT spending. Last year’s spending was hindered by a 1.2% contraction in the devices segment, in which Gartner includes PCs and mobile devices. Tech device manufacturers in the last year have had to contend with heavy competition in increasingly saturated markets, which have driven down prices for smartphones, tablets, and PCs. Last year also saw further cannibalization of the PC market by tablets sales. [...]
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