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Gartner: Global IT spending to decline in 2015

Gartner: Global IT spending to decline in 2015
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Worldwide IT spending is on pace to total $3.5 trillion in 2015, a 5.5 per cent decline from 2014, according to the latest forecast by Gartner, Inc., a leading Information technology research and advisory company.
Analysts attribute the decline to the rising U.S. dollar. In constant-currency terms, the market is projected to grow 2.5 percent. In Gartner’s previous forecast in April, it had forecast IT spending to decline 1.3 percent in U.S. dollars and grow 3.1 percent in constant currency.
“We want to stress that this is not a market crash. Such are the illusions that large swings in the value of the U.S. dollar versus other currencies can create,” said John-David Lovelock, research vice president at Gartner. “However, there are secondary effects to the rising U.S. dollar. Vendors do have to raise prices to protect costs and margins of their products, and enterprises and consumers will have to make new purchase decisions in light of the new prices.”
The Gartner Worldwide IT Spending Forecast is the leading indicator of major technology trends across the hardware, software, IT services and telecom markets.
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Kayode Oladeinde Technology Journalist at Technology Times. Mobile: +234 (0) 7031526929

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