Channel Marker

Jul 6 2011   4:55PM GMT

Gartner revises 2011 IT spending prediction upward



Posted by: Heather Clancy
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Heather Clancy
IT buyer market research
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IT spending forecast

As promised, a bit of an update about anticipated IT spending trends through the rest of this year. Market researcher Gartner said late last week that it is predicting growth of 7.1 percent worldwide for IT spending in 2011, which is a faster pace than the 5.6 percent growth predicted by IDC late in June for U.S. IT spending.

Gartner’s forecast is actually slightly higher than it was earlier this year, despite some pretty intense mitigating factors, such as the Japan earthquake and tsunami.

The data show that global spending related to cloud infrastructure and the migration to cloud services will grow more quickly than for other technology areas. That enthusiasm is tempered: Public cloud services were about 2 percent of overall global IT spending in 2010, according to Gartner. That share will grow between now and 2015, but only to about 5 percent of the total spend annually, according to the research firm.

Noted Richard Gordon, Gartner research vice president:

“Nevertheless, the emergence and adoption of cloud is an important trend, and in some markets, it’s already a significant factor. For example, at about $10 billion, software as a service (SaaS) already accounts for 10 percent of enterprise applications software spending, and by 2015 this share is expected to increase to close to 15 percent and to exceed $20 billion in annual spending.”

If you break out certain areas of spending, Gartner believes that IT services will account for approximately $846 billion this year, which is up 6.6 percent from 2010. As reported earlier, enterprise software will be the fastest growing sector: close to 9.5 percent this year.

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