Worldwide IT (information technology) spending is projected to total USD 3.8 trillion in 2013, up 4.1 percent year-on-year, research and advisory firm Gartner said on Thursday.
The Gartner Worldwide IT spending forecast is an indicator of major technology trends across the hardware, software, IT services and telecom markets.
Richard Gordon, managing VP at Gartner said fragile business and consumer sentiment continues through much of the world and although the US managed to avoid the fiscal cliff, the subsequent sequestration and the Cyprus debt burden offset any benefit.
"However, the new shocks are expected to be short-lived, and while they may cause some pauses in discretionary spending along the way, strategic IT initiatives will continue," he said.
Meanwhile, worldwide spending on devices, which includes personal computers, tablets, mobile phones and printers, is expected to reach USD 718 billion in 2013, up 8 percent, according to Gartner.
Consumers and enterprises will continue to purchase a mix of IT products, but the mix will change "dramatically" over next 3-5 years, from PCs to mobile phones, from servers to storage, from licensed software to cloud or the shift in voice and data connections from fixed to mobile, John Lovelock, research VP, said.
Elsewhere, spending on data centre systems is seen up 4 percent, enterprise software up 6 percent, IT services up 5 percent and telecom services is likely to see a 2 percent uptick in spending.
Indian IT majors like Tata Consultancy Services and HCL Technologies have said earlier that growth in 2013-14 was looking better than in 2012-13.
For 2014, Gartner forecasts global IT spending to rise 4 percent to USD 3.9 trillion.
Also Read: India's current account deficit rises to alarming 6.7% in Q3
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