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IT

Global IT spend to rise just 2% to USD 2.3 tln in 2016

Wednesday 17 February 2016 | 15:46 CET | News
Worldwide IT spending on hardware, software and services is set to grow just 2 percent in constant currency terms to USD 2.3 trillion in 2016 due to the ongoing weakness of emerging economies and market saturation, according to a report from the International Data Corporation (IDC). The figure contrasts with annual growth of 5-6 percent in constant currency terms since the recovery from the financial crisis in 2010. Including telecom services, the report predicted that total ICT spending will likewise increase by 2 percent, to USD 3.8 trillion.

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Categories: IT
Companies: IDC
Countries: World
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