Gartner Says Global IT Spending to Grow 1.1 Percent in 2019

Worldwide IT spending is projected to total USD 3.79 trillion in 2019, an increase of 1.1 percent from 2018, according to the latest forecast by Gartner Inc., an industry research and advisory company.

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“Currency headwinds fueled by the strengthening US dollar have caused us to revise our 2019 IT spending forecast down from the previous quarter,” said John-David Lovelock, research vice president at Gartner. “Through the remainder of 2019, the US dollar is expected to trend stronger, while enduring tremendous volatility due to uncertain economic and political environments and trade wars.

“In 2019, technology product managers will have to get more strategic with their portfolio mix by balancing products and services that will post growth in 2019 with those larger markets that will trend flat to down,” he added. “Successful product managers in 2020 will have had a longterm view of the changes made in 2019.”