IT Spending Expected to Hit Nearly Four Trillion in 2014
February 1, 2013
Now here’s a crazy number. InfoWorld shares a recent prediction from two prominent research companies in, “Gartner: Big Data Will Help Drive IT Spending to $3.8 Trillion in 2014.” Gartner expects IT spending to reach $3.7 trillion this year.
Despite the headline, big data is just one of many factors to affect these figures. A world beginning to recover from economic uncertainty, says a Gartner VP, will help boost spending in 2013, as will purchases of printers and mobile phones. On the other hand, lower-priced tablets will help businesses save money.
I’m not sure why writer Ted Samson (or someone else at InfoWorld) chose to emphasize big data in its headline, other than to capitalize on a popular keyword. Here is the entirety of that technology’s mention in the article, within the paragraph on software:
“Enterprise software makers stand to see the significant gains from increased IT spending. Gartner expects a 6.4 percent increase in spending on software this year, up from $278 billion in 2012 to $296 billion in 2013. The figure will hit $316 billion in 2014, a 6.8 percent increase. The key markets for 2013 will include security, storage management and CRM. ‘However, beginning in 2014, markets aligned to big data and other information management initiatives, such as enterprise content management, data integration tools, and data-quality tools will begin to see increased levels of investment,’ according to Gartner.”
Okay, we get it — companies will be investing more in the management of large amounts of data. Among many other things. (Perhaps you can tell I’m a bit tired of the hype.)
The article also points to conclusions from another research company, Forrester. They also predict spending increases in enterprise software, driven mainly by SaaS and data-driven smart apps. They foresee increased work for IT services as a result of the cloud-storage trend and increased spending on data center systems. However, the global telecom services market remains top dog in the realm of IT-spending.
Cynthia Murrell, February 01, 2013