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IT Spending: Gartner: Spending on IT was Down in 2015, Flat in 2016
Despite the forecasts from early last year, global IT spending in 2015 took a battering. It was down nearly 6 percent or $216 billion to $3.52 trillion, according to Gartner. Much of the decline is attributed to a very strong dollar and weak economies, especially in Europe. Total global IT spending in 2016 is forecast to be a relatively flat .6 percent with the market size not reaching back to 2014 levels until 2019.
John-David Lovelock, research vice president at Gartner, said that “the rising US dollar is the villain behind 2015 results. The US multinationals’ revenue faced currency headwinds in 2015. However, in 2016 those headwinds go away and they can expect an additional 5 percent growth.”
Areas like the cloud, enterprise software, and services are all expected to grow in 2016, but one segment of the IT market that will be hit again in 2016 is the devices market (PCs, ultramobiles, mobile phones, tablets and printers) which is forecast to decline 1.9 percent in 2016.
