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
Many interested in PDP leadership: NarayanAdi Sivia Qoro's role of interim leader will be up for grabs as many names have been nominated for the position in the Peopleís Democratic Party says party interim general secretary Sat Narayan.
SPORTS
SGS, Xavier lead GamesSuva Grammar and Xavier College lead the boys and girls division in the latest official medal tally of the 2014 Coca Cola Games.
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
Sigatoka resort to close for renovationYatule Beach Resort along the Coral Coast will be closed from next week for renovations as its management seeks to increase the resort's profitability.
ENTERTAINMENT
Kiesza scores UK number 1 with HideawayCalgary-born 25-year-old Kiesza has her first UK number 1 single with Hideaway.
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