Gartner Says Global IT Spending to Reach USD 3.5 Trillion in 2017

Driven by growth in software and IT services revenue, worldwide IT spending is forecast to reach USD 3.5 trillion in 2017, up 2.9% from 2016 estimated spending of USD 3.4 trillion, according to Gartner.

The bright spot for the IT industry has been the software and IT services segments. Software spending is projected to grow 6% in 2016, and it will grow another 7.2% in 2017 to total USD 357 billion. IT services spending is on pace to grow 3.9% in 2016 to reach USD 597 billion, and increase 4.8% in 2017 to reach USD 943 billion.

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