The Channel logo


By | Simon Sharwood 5th February 2016 02:58

By 2019 world will spend $2.8 TREELLION on the rubbish we write about

About one dollar in five will go on smartmobes, but servers and storage will also grow

Information technology analyst house IDC says that world spending on information technology will hit US$2.8 trillion in 2019, up from this year's $2.46 trillion.

Healthcare outfits will do the heaviest lifting, lifting their spending by a compound annual growth rate of 5.5 per cent. Financial services types, the media sector and resources industries will all grow at 4.6 per cent, IDC says.

Software and services will grow even faster at 6.7 per cent. Hardware won't grow as fast, but will account for 40 per cent of spend. Half of the hardware category's haul will consist of smartphones, but there's also some joy for the enterprise with the firm putting its name to predictions of 2.6 per cent growth for servers and 3.2 per cent for storage.

To put these predictions into perspective, consider the International Monetary Fund's January 2016 World Economic Outlook Update, that guesstimates that the world's economy will grow at 3.1 per cent in 2015, 3.4 per cent in 2016 and 3.6 per cent in 2017. The IT industries are a point or so ahead of those predictions, but we're hardly in boom times like the mid-1990s when enterprise computing companies could achieve amazing growth (and disappear almost as quickly) and the whole industry could find an extra ten per cent global spending in a year and complain about how things were slowing down. ®

comment icon Read 3 comments on this article or post a comment alert Send corrections


Frank Jennings

What do you do? Use manual typwriters or live in a Scottish croft? Our man advises
A rusty petrol pump at an abandoned gas station. Pic by Silvia B. Jakiello via shutterstock

Trevor Pott

Among other things, Active Directory needs an overhaul
Baby looks taken aback/shocked/affronted. Photo by Shutterstock

Kat Hall

Plans for 2 million FTTP connections in next four years 'not enough'
Microsoft CEO Satya Nadella


League of gentlemen poster - Tubbs and Edward at the local shop. Copyright BBC
One reselling man tells his tale of woe