Gartner Reports IT Spending On The Rise To $3.8 Trillion In 2014

A million dollars isn't cool. Do you know what's cool? Try $3.8 trillion, which is how much market research firm Gartner anticipates will be spent around the world on IT in 2014 (Gartner was equally optimistic last year). If that proves to be accurate, it would represent a 3.2 percent jump compared to what was spent in 2013 on IT services and personnel.

"Globally, businesses are shaking off their malaise and returning to spending on IT to support the growth of their business," said Richard Gordon, managing vice president at Gartner. "Consumers will be purchasing many new devices in 2014; however, there is a greater substitution toward lower cost and more basic devices than we have seen in prior years."

Lego IT Guy
Image Source: Flickr (bnilsen)

Gartner anticipates a return to growth in the devices market, which includes products like traditional PCs, ultramobiles, mobile phones, and tablets. All combined, these categories will add up to $689 billion in 2014, up 4.4 percent from 2013.

The research firm also predicts a spike in data center systems spending, which is expected to reach $143 billion in 2014, up 2.3 percent from 2013. Cloud and mobility will be the biggest drivers of this category, especially as the proliferation of mobile endpoints continues to drive significant demand for the wireless LAN equipment market, Gartner says.

One interesting trend Gartner noticed is that of a shift among IT services buyers from consulting (planning projects) to implementation (doing projects). Between the two, money spent on IT services is forecast to reach $964 billion in 2014, up 4.6 percent from a year prior.