Gartner: worldwide IT spending to grow 1.4% in 2017
Worldwide IT spending is projected to total $3.5 trillion in 2017, a 1.4% increase from 2016, according to Gartner (www.gartner.com). This growth rate is down from the previous quarter’s forecast of 2.7% due in part to the rising U.S. dollar, adds the research group.
“The strong U.S. dollar has cut $67 billion out of our 2017 IT spending forecast,” said John-David Lovelock, research vice president at Gartner. “We expect these currency headwinds to be a drag on earnings of U.S.-based multinational IT vendors through 2017.”
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