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Gartner boosts IT spending forecast

How refreshing: Gartner is actually raising its projections for 2012 IT spending slightly to $3.6 trillion. That’s up 3%, compared with the 2.5% increase that the market research firm made during the first quarter of 2012.

One big bright spot is enterprise cloud services, which Gartner thinks will grow to $109 billion in 2012 compared with $91 billion in 2011. The top cloud priority for enterprises falls into the category of business process as a service applications, according to Gartner.

Technology solution providers will also be interested to hear that global spending should reach $864 billion in 2012, up a projected 2.3%.

Here are the forecasts for some specific categories:

  • Computer Hardware – $420 billion, up 3.4%
  • Enterprise Software – $281 billion, up 4.3%
  • Telecommunications Equipment – $377 billion, up 10.8%

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Since when do we listen to Gartner for accurate analysis of technology markets? PKI business model anyone? How about Itanium shipments? Or Intrusion Detection? Or...
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