Worldwide IT spending is on pace to total $3.7 trillion in 2014, a 2.1% increase from last year; however, this grow rate is down from earlier projections of 3.2% growth, according to the latest forecast by Gartner, Inc. (http://www.gartner.com). The slower outlook for 2014 is attributed to a reduction in growth expectations for devices, data center systems and to some extent IT services, according to the research group.
"Price pressure based on increased competition, lack of product differentiation and the increased availability of viable alternative solutions has had a dampening effect on the short term IT spending outlook," says Richard Gordon, managing vice president at Gartner. "However, 2015 through 2018 will see a return to ‘normal’ spending growth levels as pricing and purchasing styles reach a new equilibrium. IT is entering its third phase of development, moving from a focus on technology and...| Read more »