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. ®