{"id":8428,"date":"2018-06-06T07:00:44","date_gmt":"2018-06-06T15:00:44","guid":{"rendered":"http:\/\/formtek.com\/blog\/?p=8428"},"modified":"2018-04-13T08:14:12","modified_gmt":"2018-04-13T16:14:12","slug":"enterprise-software-spending-is-at-its-highest-levels-since-2007","status":"publish","type":"post","link":"https:\/\/formtek.com\/blog\/enterprise-software-spending-is-at-its-highest-levels-since-2007\/","title":{"rendered":"Enterprise Software: Spending is at its Highest Levels Since 2007"},"content":{"rendered":"<p>Interest in cloud computing, artificial intelligence and Internet of Things have caused enterprises to open their purses to spend on these new technologies.\u00a0 Overall, global IT spending will grow by 6 percent this year, reaching $3.7 trillion, but spending by enterprises on software is expected to grow by more than 11 percent in 2018, <a href=\"https:\/\/www.gartner.com\/newsroom\/id\/3871105\">according to Gartner<\/a>.<\/p>\n<p>John-David Lovelock, research vice president at Gartner, said that &#8220;this is the highest annual growth rate that Gartner has forecast since 2007 and would be a sign of a new cycle of IT growth.&#8221;<\/p>\n<p>Among groups within the IT sector, the slowest area will be in data center spending due to businesses increasingly shifting their operations to the cloud.<\/p>\n<p>&nbsp;<\/p>\n<div class=\"lightsocial_container\"><div class=\"lightsocial_element\"><a class=\"lightsocial_a\" href=\"http:\/\/digg.com\/submit?url=https%3A%2F%2Fformtek.com%2Fblog%2Fenterprise-software-spending-is-at-its-highest-levels-since-2007%2F&amp;title=\" target=\"_blank\"><img decoding=\"async\" class=\"lightsocial_img\" src=\"https:\/\/formtek.com\/blog\/wp-content\/plugins\/light-social\/digg.png\" alt=\"Digg This\" title=\"Digg This\" \/><\/a><\/div><div class=\"lightsocial_element\"><a class=\"lightsocial_a\" 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