IT Spending Projected to Reach $3.7 Trillion in 2018


Market research firm Gartner reports that global spending on IT services is expected to hit an incredible $3.7 trillion in 2018. This is a 4.3% increase from 2017. While $3.7 trillion is a massive number, it’s actually relatively modest growth for such an all-encompassing industry.

There are 10 markets which will make up most of the IT spending forecast, according to Gartner. Three of these markets consist of Cloud segments — Infrastructure-as-a-Service, Communications-Platform-as-a-Service, and Integrated-Platform-as-a-Service.

John-David Lovelock, Research Vice President at Gartner, said in a statement, “Global IT spending is showing little overall growth, as are traditional markets. These top 10 markets will be the key to remaining relevant and achieving growth in the future.”

Why Your Company Needs IT Services
Investing in managed IT services allows companies to maximize current technology and stay ahead of competitors. Maintaining an in-house IT department can sometimes just be too expensive for small businesses, which is why managed IT services are increasingly the norm in the era of cloud computing.

Considering that, here are a few reasons to use a professional IT provider.

  1. Using an IT service allows employers and employees to focus more on business functions. Spending time on computer maintenance when you have better things to be doing can end up hurting the business. Having experts on call who can come fix your computer problems for you allows you to stop wasting company time on computer repairs.
  2. IT services can help improve your company’s digital marketing. Increasingly, the role of traditional IT companies are expanding towards a more integrated approach. In addition to general computer support and software installation, many IT services allow your business to execute and implement digital marketing campaigns. From web design to search engine optimization, many IT services now include online marketing services as well. With technology constantly evolving, it’s important to have IT support that will help your company keep up.
  3. An external IT service will give your company an extra sense of security. Between 75% and 80% of all vengeful cyber attacks are made internally, not from an external threat. Security auditing and penetration testing are necessary to thoroughly evaluate your IT infrastructure. Considering this, using an external IT provider will greatly reduce your risk of being hacked from within and will give your company peace of mind when it comes to protecting your software, customer information, and data.

Using an outside IT service will not only assist you with tasks like digital marketing and security management, but it will also enhance the overall productivity of your business. Without having to worry about computer maintenance and repairs, you and your employees are free to focus solely on your day-to-day tasks and on making your business as successful as possible.