Global IT spending to grow to $3.7tr in 2018 amid new growth cycle – Gartner

The total global spend on information technology (IT) is projected to rise by 6.2% to $3.7-trillion this year, indicating a new growth cycle, a forecast released by market research multinational Gartner, on Monday, reveals. “This is the highest annual growth rate that Gartner has forecast since 2007 and would be a sign of a new cycle of IT growth,” said Gartner research VP John-David Lovelock.