Global IT spending forecast to be around $3.41 trillion in 2016

Bangalore: Global IT spending is forecast to be flat in 2016, totaling $3.41 trillion, according to Gartner (see Table 1). This is up from last quarter’s forecast of negative 0.5 percent growth. The change in the forecast is mainly due to currency fluctuations.

“The current Gartner Worldwide IT Spending Forecast assumes that the UK would not exit the European Union. With the UK.’s exit, there will likely be an erosion in business confidence and price increases which will impact UK, Western Europe and worldwide IT spending,” said John-David Lovelock, Research Vice President – Gartner.

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