Just In
- 12 hrs ago Elon Musk’s X Is Launching a TV App Similar to YouTube for Watching Videos
- 13 hrs ago Qualcomm Reveals Snapdragon X Plus Chip for Laptops: 10 Core CPU, On-Device AI, & Much More
- 14 hrs ago Flipkart Teases “Jaw-Dropping” Discount on iPhone 15: All-Time Low Price Anticipated
- 14 hrs ago President Joe Biden Signs Bill to Ban TikTok in the US: Unless This One Condition is Met
Don't Miss
- Movies Pavi Caretaker Box Office Collection Day 1 Prediction: Dileep's Movie Expected To Open Strongly
- Sports Who Won Yesterday's IPL Match 41? SRH vs RCB, IPL 2024 on April 25: Royal Challengers Bangalore End Losing Streak
- Finance Bajaj Group Stock Declares Rs. 60/Share Dividend: Buy Ahead of Record Date On 28 June?
- News MEA Dismisses US Human Rights Report On Manipur As 'Biased And Misinformed'
- Automobiles Royal Enfield Unveils Revolutionary Rentals & Tours Service: Check Out All Details Here
- Education AICTE introduces career portal for 3 million students, offering fully-sponsored trip to Silicon Valley
- Lifestyle Heeramandi Screening: Alia Bhatt, Ananya Panday, Rashmika Mandanna And Others Serve Finest Ethnic Style!
- Travel Escape to Kalimpong, Gangtok, and Darjeeling with IRCTC's Tour Package; Check Itinerary
Global IT spending forecast to grow 1.4% to $3.5 trillion in 2017
Spending on devices and IT services is forecast to grow by 1.7 per cent and 2.3 per cent to $645 billion and $917 billion.
According to a research firm Gartner, Global IT Worldwide IT spending is projected to total $3.5 trillion in 2017, a 1.4 percent increase from 2016.
However, the growth rate is lower than the previous quarter's estimate of 2.7 percent partly because of the rising US dollar.
"The strong US dollar has cut $67 billion out of our 2017 IT spending forecast. We expect these currency headwinds to be a drag on earnings of US-based multinational IT vendors through 2017," Gartner Research vice-president John-David Lovelock. said.
The data center system segment is expected to grow 0.3 percent in 2017. While spending on enterprise software is pegged to touch $351 billion (up 5.5 percent).
Spending on devices and IT services is forecast to grow by 1.7 per cent and 2.3 per cent to $645 billion and $917 billion, respectively this year.
SEE ALSO: IT Minister urges Microsoft CEO Nadella to help boost DigiGaon initiative
"The modest changes to the IT services forecast this quarter can be characterized as adjustments to particular geographies as a result of potential changes of direction anticipated regarding US policy -- both foreign and domestic," Gartner said.
The reports also said that driven by strength in mobile-phone sales and smaller improvements in sales of printers, PCs, and tablets, worldwide spending on devices (PCs, tablets, ultramobile and mobile phones) is projected to grow 1.7 percent in 2017, to reach $645 billion.
Mobile phone growth in 2017 will be driven by increased average selling prices (ASPs) for phones in emerging Asia/Pacific and China, together with iPhone replacements and the 10th anniversary of the iPhone.
Although, the tablet market continues to decline significantly, as replacement cycles remain extended and both sales and ownership of desktop PCs and laptops are negative throughout the forecast.
Communications services, which comprises the largest chunk of the IT spending, is expected to see a marginal decline to $1.3 trillion at the end of 2017.
-
99,999
-
1,29,999
-
69,999
-
41,999
-
64,999
-
99,999
-
29,999
-
63,999
-
39,999
-
1,56,900
-
79,900
-
1,39,900
-
1,29,900
-
65,900
-
1,56,900
-
1,30,990
-
76,990
-
16,499
-
30,700
-
12,999
-
11,999
-
16,026
-
14,248
-
14,466
-
26,634
-
18,800
-
62,425
-
1,15,909
-
93,635
-
75,804