Click to Visit

Follow supportindustry on Twitter 

Click to Visit

Click to Visit
Industry Stats
Forrester Predicts US Business And Government Tech Spending Will Reach $1.5 Trillion In 2018
Forrester predicts that US business and government tech spending will surpass $1.5 trillion in 2018, up nearly 6% from 2017. In its newly published 2018 outlook for US industry tech budgets, Forrester reveals industries with the fastest-growing tech budgets as well as the technologies they’re choosing to invest in. Below are key findings from the research:

  • The 5.8% increase in US tech spending is concentrated in tech staff salaries and benefits, tech outsourcing purchases, software and tech consulting, and systems integration services.

  • Although US industries vary widely in terms of growth, half will have growth rates that exceed the overall US tech growth rate (5.8%). Ten industries will see growth of 7% or more in their 2018 tech budgets.

  • Although the retail industry will experience lower growth in its tech budgets, it is expected to dedicate 45% of that budget to business technology.
  • Worldwide IT Spending Forecast to Reach $2.7 Trillion in 2020
    New research from IDC finds that worldwide revenues for information technology products and services will grow from nearly $2.4 trillion in 2016 to more than $2.7 trillion in 2020. This represents a compound annual growth rate (CAGR) of 3.3% for the 2015-2020 forecast period. Among the trends in the forecast is the positive momentum displayed in big industries like financial services and manufacturing, where companies continue to invest in 3rd Platform solutions (e.g. cloud, mobility, and Big Data) as part of their digital transformation efforts.

    In terms of company size, more than 45% of all IT spending worldwide will come from very large businesses (more than 1,000 employees) while the small office category (the 70-plus million small businesses with 1-9 employees) will provide roughly one quarter of all IT spending throughout the forecast period. Medium (100-499 employees) and large (500-999 employees) business will see the fastest growth in IT spending, each with a CAGR of 4.4%.

    Click Here For More Articles