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Global IT market to hit USD 3.9 trillion in 2020 on enterprise software spend

Wednesday 15 January 2020 | 11:14 CET | News
Global IT spending is forecast to reach USD 3.9 trillion in 2020, up 3.4 percent from 2019, driven above all by spending on enterprise software, according to the latest prediction from Gartner. Ever-increasing adoption of software as a service (SaaS) will see enterprise software spend rise 10.5 percent year on year to USD 503 billion, with investment in IT services expected to grow 5.0 percent to USD 1.08 trillion, said Gartner.

Spending on communications services is set to post a 1.5 percent year on year increase to USD 1.38 trillion while the device market is likewise expected to return to overall growth in 2020 due to the adoption of new, less-expensive phone options from emerging countries. The report predicts that devices spend will inch up 0.8 percent year on year to USD 688 billion in 2020 as far higher spending in Greater China and Emerging Asia/Pacific more than offsets the expected declines in Western Europe and Latin America.


 



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Categories: IT
Countries: World
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