TECHNOLOGY NEWS
July 11, 2012 12:00:00 AM
  Follow @ Twitter

Industry tracker Gartner on Tuesday said that worldwide spending on information technology (IT) was on pace to hit $3.6 trillion this year despite trouble in the global economy.

The revised estimate by Gartner projects that IT spending will be slightly more than previously expected, climbing three percent from the prior year's tally.

"While the challenges facing global economic growth persist -- the eurozone crisis, weaker US recovery, a slowdown in China -- the outlook has at least stabilized," said Gartner research vice president Richard Gordon.

"There has been little change in either business confidence or consumer sentiment in the past quarter, so the short-term outlook is for continued caution in IT spending."

Investments in storing data or hosting computer services in the Internet "cloud" and in telecom equipment and services were bright spots in the growth outlook, according to Gartner.

Companies were on track to spend a combined total of nearly $1.7 trillion on telecom services and $377 billion on telecom equipment in what would represent increases of 1.4 percent and 10.8 percent, respectively, from the prior year.

Researchers expected spending on public cloud services to grow from $91 billion last year to $207 billion by the year 2016.

"Business process as a service still accounts for the vast majority of cloud spending by enterprises, but other areas such as platform as a service, software as a service and infrastructure as a service are growing faster," Gordon said.

AFP


PREVIOUS STORY
Apple co-founder on stage for disputed monologue
NEXT STORY
Telstra sells NZ arm to Vodafone

Bookmark and Share
   




FIJI NEWS
Last 8 years were tough: TikoitogaFijiís Army Commander, Brigadier General Mosese Tikoitoga has revealed that the past eight years was not easy for the military.
SPORTS
Naholo seals deal with HighlandersFiji-born former New Zealand 7s wing Waisake Naholo has signed with the Highlanders for the new Super Rugby season.
HEALTH/FITNESS
Clean-up day to curb dengue outbreakFiji's Ministry of Health has declared a clean-up day next Thursday for residents in the central division as it ups the tempo against a dengue fever outbreak currently experienced in the country.
LIFESTYLE/FASHION
Tafunaíi ready to fly Fijiís flag highNew crowned Miss World Fiji, Charlene Tafunaíi is ready to do wonders for Fiji in the Miss World Finals in December and is calling for the nationís backing.
ENTERTAINMENT
Logicís debut album Under Pressure out Oct 24After years of hard work in the studio and on the road, Logic has completed his debut album with Under Pressure due to release October 24, with the title track, Under Pressure, is now available.
OFFBEAT
Mercury 'took Princess Diana to gay barQueen singer Freddie Mercury disguised the late Princess Diana as a male model and smuggled her into a notorious gay bar, according to a memoir serialised in Britain's Sunday Times.
NEWS SPORTS INFOTAINMENT SERVICES MOBILE EXTRA HOT TOPICS