Global IT spending to reach $3.5 trillion in 2017Staff Writer | October 19, 2016
Driven by growth in software and IT services revenue, worldwide IT spending is forecast to reach $3.5 trillion in 2017.
Computers Software spending is projected to grow 6 percent
The bright spot for the IT industry has been the software and IT services segments.
Software spending is projected to grow 6 percent in 2016, and it will grow another 7.2 percent in 2017 to total $357 billion.
IT services spending is on pace to grow 3.9 percent in 2016 to reach $597 billion, and increase 4.8 percent in 2017 to reach $943 billion. ■