February 3, 2014

IT Spending Seen on the Rise

By John D'Antona Jr.

Worldwide Internet technology spending is on the climb as traders and firms continue to invest in electronic trading and support systems.

Gartner Inc., a technology research and advisory company, projected in its "Gartner Worldwide IT Spending Forecast," total IT spending to hit $3.8 trillion in 2014, a 3.1 percent increase from $3.7 trillion in 2013.

Growth in IT spending was flat in 2013 when compared to 2012, rising less than half a percent.

The projected increase for 2014 Gartner said was rooted in part in a rise in data analytics investments.

"Investment is coming from exploiting analytics to make B2C processes more efficient and improve customer marketing efforts," Richard Gordon, managing vice president at Gartner, said in a statement.

Spending on devices including computers, ultramobiles, mobile phones and tablets contracted 1.2 percent in 2013, Gartner reported, but is expected to grow 4.3 percent in 2014.

Enterprise software spending growth is expected in 2014 to be 6.8 percent.

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