Worldwide IT Spending To Be Flat In 2016: Gartner
Worldwide IT spending is forecast to be flat in 2016, totaling $3.41 trillion, says Gartner. This is up from last quarter’s forecast of negative 0.5 percent growth. The change in the forecast is mainly due to currency fluctuations. “The current Gartner Worldwide IT Spending Forecast assumes that the U.K. would not exit the European Union. With the U.K.’s exit, there will likely be an erosion in business confidence and price increases which will impact U.K., Western Europe and worldwide IT spending,” said John-David Lovelock, research vice president at Gartner. While the U.K....