Global IT spending will reach $3.5 trillion in 2017

Worldwide IT spending will jump another 1.4 percent this year, according to a new report by Gartner. The report says IT spending is expected to hit $3.5 trillion this year. A quarter before, the increase was 2.7 percent, but the difference occurred mostly due to the strengthening of the US dollar. "The strong US dollar has cut $67 billion out of our 2017 IT spending forecast," says John-David Lovelock, research vice president at Gartner. "We expect these currency headwinds to be a drag on earnings of US-based multinational IT vendors through 2017." There will be a slight grow in the… [Continue Reading]