Worldwide IT spending is on track to reach $3.7 trillion, an increase of 2.1 percent in 2014, according to new figures released by research specialists Gartner. However, this is down on earlier projections which put this year's growth at 3.2 percent.
The slower growth outlook is down due to a reduction in growth expectations for devices, data center systems and to some extent IT services. The value of the devices market -- which includes PCs, mobile phones, tablets and printers -- is predicted to grow by 1.2 percent over last year. This is partly due to lower prices. As tablet adoption reaches 50 percent in US households, Gartner forecasts sales of high-end tablets dropping as new buyers are attracted by lower priced units.
Data center spending is forecast to grow by just 0.4 percent. Storage spending in particular being hit by lower cost alternative architectures and cloud offerings. The server market is also weak as businesses look for cheaper alternatives.
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