Neither Britain's exit from the European Union, nor a trade tariff standoff between China and the US, nor uncertainty caused by talk of recession shall stymie tech spending this year, so say the tea-leaf readers at Gartner.
Everyone's fave multimillion-dollar-turnover market research house forecast the IT industry's coffers would swell to $3.767 trillion in 2019, up 2.8 per cent year on year, "despite" these factors. Why?
Cue John Lovelock, research veep, who issued a prepared remark:
"IT is no longer just a platform that enables organisations to run their business on [sic]. It is becoming the engine that moves the business," he assured us.
Every major sector of technology industry will see an uplift in spending, the Gartner man claimed, though – boosted by the cloud – he expects enterprise software to report the biggest percentage rise to reach $431bn, up 8.5 per cent from last year's $397bn due to the shift to online software services.
IT services is calculated to rise 4.7 per cent to $1.03 trillion; data centre systems by 4.2 per cent to $210bn; devices by 1.6 per cent to $679bn; and comms services by 1.3 per cent to $1.417 trillion.
Gartner halves tech splash forecasts, blames the US dollarREAD MORE
This is the first forecast from Gartner for 2019, though it certainly won't be the last. The analyst had predicted the industry would grow to $3.5 trillion in 2018 but when it checked the receipts, it actually came in at $150bn up on that, at $3.650 trillion.
Fluctuations in foreign exchange rates, a cleaner, er, Brexit than anyone in Britain anticipates or American prez Donald Trump and Chinese premier Xi Jinping cuddling up may all help to change the complexion. ®