Information Technology Spending to Hit $3.6 Trillion in 2012, Report Says

Hardy, Quentin. "Information Technology Spending to Hit $3.6 Trillion in 2012, Report Says." The New York Times, July 9, 2012.

From the article: "Fueled by an accelerating move to cloud computing, and by a boom in associated telecommunications services, worldwide information technology spending is increasing somewhat faster than expected, according to industry analysts at Gartner.

Over all, people will spend $3.6 trillion on information technology in 2012, the research firm said. This represents a 3 percent increase from 2011, when $3.5 trillion was spent, Gartner said, and is up from the 2.5 percent increase projected three months ago.

The increase, while modest, is notable because it is happening in the face of a financial crisis in Europe, slow growth in the United States, and a slowdown in China’s economic growth." Read more