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
Vote for change, Ro Teimumu urges villagersSocial Democratic Liberal Party leader Ro Teimumu Kepa says indigenous people must not allow themselves to be used by unscrupulous people who have personal and other agendas in changing governance in Fiji.
SPORTS
U20s get $500 each over World Cup heroicsThe Fijian Government has given $500 to each member of the Vodafone Fiji U20s squad for their heroics and being great ambassadors of the country having recently earned Fiji a spot in the 2015 FIFA Under-20 World Cup.
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
Charlene is Miss World Fiji 201420-year-old Nadi beauty, Charlene Tafunaíi was tonight crowned Miss World Fiji 2014 at the Pearl South Pacific Resort in Pacific Harbour.
ENTERTAINMENT
5 Seconds of Summer announce Aust, NZ showsHot on the heels of selling out two shows at Londonís iconic Wembley Arena, the chart-topping Sydney boys are heading out on the road to play their first-ever headline Australian and New Zealand arena shows, touring in support of their recently released self-titled #1 smash hit debut album.
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