Global IT budgets will remain “timid” over the next four years, marked by “lackluster” spending, according to market researcher Gartner. That muted outlook calls for spending to increase 3.1 percent in 2011, reaching $2.5 trillion, on its way to $2.8 trillion by 2014.
Spending will vary across verticals, Gartner noted, with sectors such as manufacturing and financial services among the slower to recover to pre-2008 levels. Meanwhile, Gartner identifies several overarching shifts that are conspiring to remake IT spending, including cloud and social computing. Datamation takes a look.
Researcher Gartner predicts that global IT spending will reach $2.5 trillion in 2011, up from $2.4 trillion in 2010, a 3.1 percent gain.
Gartner (NYSE: IT) believes that IT budgets are likely to remain “timid” and “lackluster” between now and the end of 2014, when worldwide IT spending will have only grown to $2.8 trillion — if that phrase can be applied to trillions of dollars.