https://www.engineeringnews.co.za

IT spending to reach $3.7tr in 2018

16th January 2018

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

     

Font size: - +

A new Gartner report released on Tuesday projects a 4.5% year-on-year increase in worldwide information technology (IT) spend to $3.7-trillion in 2018.

Driven by enterprise software, digital business, blockchain, the Internet of Things and the progressions from big data to algorithms, machine learning and artificial intelligence (AI), the growth is a continuation of the 2017 turnaround in spending.

While there remains some uncertainty about the potential impacts of Brexit, currency fluctuations and a possible global recession, as well as potential shifts in spending patterns, businesses will continue to invest in IT as they anticipate revenue growth, according to Gartner research VP John-David Lovelock.

Gartner forecast continued strong growth in enterprise software, with worldwide software spending projected to grow 9.5% to $389-million in 2018 and 8.4% in 2019 to $421-billion.

Some $2.9-trillion in new business value opportunities – and the ability to recover 6.2-billion hours of worker productivity – will be attributable to AI by 2021.

“That business value is attributable to using AI to, for example, drive efficiency gains, create insights that personalise the customer experience, entice engagement and commerce, and aid in expanding revenue-generating opportunities as part of new business models driven by the insights from data,” explained Lovelock.

The devices segment is expected to grow 5.6% in 2018, after registering growth in 2017 for the first time in two years, while personal computer growth is expected to be flat in 2018.

Edited by Creamer Media Reporter

Comments

Array

Showroom

Environmental Assurance (Pty) Ltd.
Environmental Assurance (Pty) Ltd.

ENVASS is a customer and solutions-driven environmental consultancy with established divisions, serviced by highly qualified and experienced...

VISIT SHOWROOM 
Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.162 0.222s - 164pq - 2rq
Subscribe Now