IT spending to reach $3.8 trillion in 2013
As the technological landscape continues to evolve, business decision-makers around the world will invest in innovative IT services to gain a competitive advantage over rival firms while simultaneously reducing expenses, augmenting operations and boosting collaboration. Software defined networking (SDN) and cloud computing are among the many emerging technologies that are gaining momentum as more organizations implement tools to support such movements.
Gartner recently reported that global IT spending will grow 4.1 percent from 2012 to total $3.8 trillion in 2013. Major investments include allocations toward new hardware, software and IT services - all of which have the potential to help organizations thrive in today's unpredictable economy.
Analysts asserted that the cloud in particular will have a major impact on the data center, causing decision-makers around the world to invest in systems that promise to improve these operations. In fact, data center investments are forecast to reach $146 billion in 2013 and grow to $152 billion in 2014, suggesting that companies are still heavily reliant on these tools.
"The global steady growth rates are a calm ocean that hides turbulent currents beneath," said John Lovelock, research vice president at Gartner. "The nexus of forces - social, mobile, cloud and information - are reshaping spending patterns across all of the IT sectors that Gartner forecasts. Consumers and enterprises will continue to purchase a mix of IT products and services; nothing is going away completely."
Still, Lovelock asserted that some services will be more popular than others in the coming years. For example, more people will likely leverage mobile phones over PCs and firms will implement a cloud infrastructure over traditional tools. A separate IDC report highlighted the increased emphasis on cloud, noting that the market for public cloud services is forecast to expand at a compound annual growth rate of more than 18 percent between 2011 and 2016, eventually generating profits exceeding $43 billion.
IDC stated that the cloud is disrupting organizations of all sizes and industries by offering decision-makers an inexpensive, high-quality technology that is more efficient than current solutions. Because the cloud is integrated into such a broad range of IT, investing in the cloud enables companies to implement a number of sophisticated services.
In the coming years, decision-makers will continue to allocate portions of their budget to IT spending, as doing so gives them a better chance to compete in the long run. By planning ahead and determining what goals a company has, executives can find the right technologies to invest in.
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