Source: „Global IT spending for the past quarter is predicted to be down from 3.2 percent in the previous quarter to 2.1 percent, according to Gartner. In fact, spending is likely to remain flat in the near future until the rise of digital business takes effect, the analyst said.
Gartner's latest Worldwide IT Spending Forecast shows that IT spending remains flat, despite greater optimism that the economy is on the up in many regions. In part, this can be explained by price cutting in some arenas such as cloud services, while in other areas, lack of product differentiation is driving down the amount customers spend.
Gartner research vice president Richard Gordon told V3: "We're seeing, slightly faster than expected, a kind of commoditisation around IT, if you like, where there is more competition among the vendors, and there is a shift in buying power towards the buyers in areas like cloud-based products and services.”