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Where Will IT Budgets Be Spent?

Gartner Predicts IT Spending Will Hit $3.75 Trillion in 2014, and Go Even Higher in 2015

Roger Hughlett's avatar

By: Roger Hughlett

July 14, 2014 | Analysts

All signs point to some big-time spending on IT as we push toward the end of 2014 and into 2015, according to the latest report from Gartner Inc. Total spending on technology and IT services this year is set to hit $3.75 trillion, a 2.1 percent increase over the $3.67 trillion that was spent all of last year across the IT market. And growth in 2013 was flat compared with 2012.

Looking toward 2015, Gartner forecasts that 2015 will be an even better year for IT vendors, with companies spending $3.9 trillion worldwide. That would represent a 3.7 percent gain over 2014, if the forecast turns out to be accurate.

The growth will come in the typical spots – mobile devices, data centers, telecommunications, IT services and software. While the overall projected figures include consumer, business and government spending, the big money will remain on the commercial side of things – from business and government customers.

The strongest gains over the next couple of years will come from enterprise software. In 2014, spending on enterprise software will hit $321 billion, a 6.9 percent gain over the prior year. By the end of 2015, enterprise software spending will reach $344 billion, jumping 7.3 percent compared with this year. Those are by far the biggest year-over-year gains Gartner expects the market to see in the coming year.

Big and Smart Spending

On the enterprise software front, there appears to be some pretty solid evidence to suggest that companies are looking to spend big and spend smart.

During a recent webinar hosted by Gartner, Research Director Colleen Graham discussed the IT spending report in greater detail. One of the main points she made, in my view, was the idea that more spending decisions were coming from the business side of an organization as opposed to the IT side.

Contributing to this shift is enterprise software that places a greater development role in the hands of business users by moving away from coding and toward configuration. With entellitrak, enterprise-level Case Management and BPM solutions can be configured and implemented in a fraction of the time and at a fraction of the cost often required by custom coding and custom software development. This gives businesses more agile systems and greater savings.

To learn more about how entellitrak is used by large enterprises, check out these case studies. Or to learn more about our prototyping process, go here.

About the Author

Roger Hughlett was a member of the Marketing Team with MicroPact from 2013 - 2015.