Global IT spending is projected to total $3.79 trillion (Approximately Rs. 2,63,00,000 crores) in 2019, an increase of 1.1 percent from 2018, the latest forecast by Gartner said on Wednesday.
The data centre systems segment will experience the biggest decrease in 2019 with a reduction of 2.8 percent mainly due to anticipated lower average selling prices (ASPs) in the server market driven by alterations in the routine of anticipated part costs.
“Currency headwinds fueled from the strengthening US dollar have caused us to update our 2019 IT spending forecast down from the previous quarter. Through the remainder of 2019, the US dollar is expected to trend more powerful while enduring enormous volatility because of uncertain political and economic environments and trade wars,” John-David Lovelock, Research Vice President at Gartner, said in a statement.
In 2019, the market is forecast to reach $427 billion (roughly Rs. 30,00,000 crores), up 7.1 percent from $399 billion in 2018.
The most significant Cloud shift has up to now happened in application software.
On the other hand, the market research company anticipates an increased expansion for the infrastructure software segment from the near-term, particularly in integration platform for a support (iPaaS) and application platform as a support (aPaaS).
“The options CIOs make about technology investments are essential to the achievement of digital business. AI is having a significant effect on IT spending, although its function is often misunderstood,” Lovelock added.
The shift of enterprise IT spending from conventional (noncloud) offerings to brand new, Cloud-based alternatives is continuing to drive growth in the enterprise software market.