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Worldwide IT Spending to See 0.5% Drop in 2016
April 7, 2016 | Gartner, Inc.Estimated reading time: 4 minutes
Spending in the IT services market is expected to return to growth in 2016, totaling $929 billion, up 2.1 percent from 2015. A stronger outlook for Japan and India is nearly balanced by a weaker outlook in Brazil, China and South Korea, based on challenging economic and political conditions in Brazil; and government actions and weakening economic conditions in China and South Korea.
Telecom service spending is projected to decline 2.0 percent in 2016, with spending reaching $1.4 trillion. Continuing economic downturns in major markets such as Russia and Brazil are dampening spending in both fixed and mobile voice, and a slight slowdown in China's growth is affecting consumer confidence and eroding spend in fixed voice services. In enterprise services, conditions in these same three major markets are leading to consolidation among businesses (reducing connections and spend), however, mobile data spending is a bright spot with accelerating growth driven by improved pricing on bandwidth, mobile app and 4G/LTE network availability.
More-detailed analysis on the outlook for the IT industry will be presented in the complimentary webinar "IT Spending Forecast, 1Q16 Update: Where Is All the Money Going?" taking place April 12 at 11 a.m. EDT. During the webinar, Gartner analysts will discuss global IT spending from 2016 through 2019 and why the pace of IT spending is not keeping up with the pace of change.
Gartner's IT spending forecast methodology relies heavily on rigorous analysis of sales by thousands of vendors across the entire range of IT products and services. Gartner uses primary research techniques, complemented by secondary research sources, to build a comprehensive database of market size data on which to base its forecast.
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