Worldwide information and communications technology (ICT) spending — including new technologies — is expected to exceed $5.6 trillion in 2021 with growth accelerating through the end of the forecast period, according to the latest worldwide market study by International Data Corporation (IDC).
Around the globe, CIOs and CTOs continue to transition to a hybrid multi-cloud service delivery model, supported by on- and off-premises IT infrastructure. Meanwhile, the worldwide public cloud services market is projected to grow 21.4 percent in 2018 to reach $186.4 billion — that’s up from $153.5 billion in 2017.
Cloud service adoption continues to grow, as traditional IT vendors react to market demand. Total spending on IT infrastructure products for deployment in cloud environments is forecast to reach $52.3 billion in 2018 — that’s year-over-year growth of 10.9 percent, according to the latest worldwide market study by IDC.
Worldwide IT spending is projected to total $3.7 trillion in 2018 — that’s an increase of 6.2 percent from 2017, according to the latest market study by Gartner. Senior executives and line of business leaders continue to drive many of the strategic IT procurement decisions.
More CIOs and CTOs are seeking to gain benefits of a simplified and more manageable IT infrastructure for their organizations. As a result, worldwide integrated systems revenue is forecast to total $12.3 billion in 2018 — that’s an increase of 18.4 percent from 2017, according to Gartner.
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