Global IT spends to grow 0.6% in 2019: Report

Stamford (Connecticut), Worldwide IT spending is projected to total $3.74 trillion in 2019, an increase of 0.6 per cent from 2018, which is slightly down from the previous quarter’s forecast of 1.1 per cent growth, said a new report by Gartner Inc on Wednesday.
“Despite uncertainty fuelled by recession rumours, Brexit, trade wars and tariffs, we expect IT spending to remain flat in 2019,” John-David Lovelock, Research Vice President at Gartner, said in a statement.
“While there is great variation in growth rates at the country level, virtually all countries tracked by Gartner will see growth in 2019. Despite the ongoing tariff war, North America IT spending is forecast to grow 3.7 per cent in 2019 and IT spending in China is expected to grow 2.8 per cent,” Gartner said.