Global IT spending is to reach $3.7 trillion in 2018, an increase of 4.3 percent from 2017 projected spending of $3.5 trillion, Gartner experts forecast.

Global IT Spending in 2017

 

Chart showing global IT spending in 2017.

Data source: Gartner

“Looking at market opportunity – how profitable a market is, how big it is and how fast is it growing today and for the next five years – we have identified the top markets that companies should be looking to be part of in 2018,” John-David Lovelock, research vice president at Gartner said in a media release.

 

Global IT Spending in 2018

 

Chart showing global IT spending forecast for 2018 by Gartner

Data Source: Gartner

“Global IT spending is showing little overall growth, as are traditional markets. These top 10 markets will be the key to remaining relevant and achieving growth in the future,” Lovelock adds.

These 10 markets encompass technologies that enhance the digital workplace, such as workstream collaboration, workforce analytics and video message-oriented middleware (MOM). Other markets include security (endpoint detection and response), analytics (smart data discovery) and storage (in-memory data grids). All are tied to enabling and enhancing an enterprise’s digital transformation efforts and also include three cloud segments – infrastructure as a service (IaaS), integrated platform as a service (iPaas) and communications platform as a service (cPaaS).