China Watch Blog has learnt that Global information technology (IT) spending is on pace to grow 7.1% in 2011, compared to analysts` originally projected 5.6% growth.
“It is a bit surprising that we have not seen a more significant impact on our global IT spending forecast as a results of the Japan earthquake and tsunami, but despite widespread concerns about disruptions to the supply of critical components in the initial aftermath of the natural disaster, there has not been a dramatic impact on overall IT spending,” said Richard Gordon, research vice president at Gartner.
“For 2011 as a whole, we expect Japan IT spending to be down in local currency, but we expect a positive growth trend to emerge in the second half of the year and continue into 2012,” according to the latest outlook by Gartner Inc.
Global IT services is forecast to reach US$846 billion in 2011, a 6.6% increase from 2010. The computing and hardware segment is poised for the strongest growth with spending forecast to grow 11.7% in 2011.
The migration to public cloud services is currently one of the hottest topics in IT, and Gartner`s latest forecast found that spending in this area is projected to grow four times faster than spending on overall IT. Worldwide public cloud services spending is forecast to total US$89 billion in 2011, up from US$74 billion in 2010. The market is forecast to reach US$177 billion by 2015.
However, to put this growth in context, Gartner analysts said public cloud services spending was only about 2% of global IT spending in 2010, and by 2015 the level of spending on public cloud services will be less than 5% of the total spent on IT overall.If you think China Watch Blog's information is useful, click on cup of coffee on left hand side and make a small contribution via PayPal