Worldwide IT spending to decline 3.5 percent in 2015: Gartner

Mumbai, Sep 23 (IANS) Worldwide IT spending across vertical industries is forecast to total $2.69 trillion in 2015, a 3.5 percent decrease from 2014, according to the latest forecast by market research firm Gartner.

Analysts said all industries will show negative growth due to disparities in global currency exchange rates.

“Appreciation of the US dollar (mainly against the euro, yen and the ruble), along with the relative slowdown of emerging markets (particularly Russia, Brazil and China), had a double impact on IT spending in 2015, and explains the downward revision in the forecast,” said Gartner’s vice president, research, Anurag Gupta.

“Unsurprisingly, most technology firms reporting revenue in US dollars have taken a negative hit on their quarterly revenue earnings,” he added.

Although all industries are expected to experience negative growth in 2015, Gartner remained firm on projections for the top three growth industries – retail, banking and securities, and healthcare providers – leading industry growth.

While Gartner says that IT spending in the retail sector is forecast to decline 1.5 percent in 2015, the IT spending in the banking and securities segment is forecast to decline 2.4 percent. In the healthcare provider industry, IT spending will decline 2.7 percent in 2015.

Other sectors which include education, government, insurance, communications and media services, transportation and utilities show a decline in IT spending of over 2.7 percent.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of or any employee thereof. is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here