Excellent Hair Fall Treatment
Search: Look for:   Last 1 Month   Last 6 Months   All time

Global IT spending to grow 2.7% in 2017: Report

Maharashtra,Business/Economy,Technology, Thu, 12 Jan 2017 IANS

Mumbai, Jan 12 (IANS) Global IT spending is projected to reach $3.5 trillion in 2017, a 2.7 per cent increase from 2016, market research firm Gartner said on Thursday.

Worldwide devices spending (PCs, tablets, ultramobiles and mobile phones) is projected to remain flat in 2017 at $589 billion.

"2017 was poised to be a rebound year in IT spending. However, some of the political uncertainty in global markets has fostered a wait-and-see approach causing many enterprises to forestall IT investments," said John-David Lovelock, Research Vice President at Gartner.

However, a replacement cycle in the PC market and strong pricing and functionality of premium ultramobiles will help drive growth in 2018.

Emerging markets will drive the replacement cycle for mobile phones as smartphones in these markets are used as a main computing device and replaced more regularly than in mature markets, the report said.

The global IT services market is expected to grow 4.2 per cent in 2017. Buyer investments in digital business, intelligent automation, services optimisation and innovation will continue to drive growth in the market, but buyer caution, fuelled by broad economic challenges, remains a counter-balance to faster growth.

--IANS

anuj/na/bg


LATEST IMAGES
King of Bhutan, the Bhutan Queen and Crown Prince meeting the PM Modi
PM Narendra Modi welcomes the King of Bhutan
PM Modi paying tributes at the portrait of Sardar Vallabhbhai Patel
People take part in the Run For Unity on the Rashtriya Ekta Diwas
PM Modi flagging off the Run For Unity on the Rashtriya Ekta Diwas
Post comments:
Your Name (*) :
Your Email :
Your Phone :
Your Comment (*):
  Reload Image
 
 

Comments:


 

OTHER TOP STORIES


Excellent Hair Fall Treatment
Careers | Privacy Policy | Feedback | About Us | Contact Us | | Latest News
Copyright © 2015 NEWS TRACK India All rights reserved.