Worldwide Enterprise IT Spending To Total $2.7 Trillion In 2012 But Growth Is Slowing

Gartner just released its worldwide enterprise IT spending estimates, which are projected to total $2.7 trillion in 2012. That's a 3.9 percent increase from 2011 expected spending of $2.6 trillion, but down from a 5.9 percent expected increase in 2011. Gartner says this year alone, 350 companies will each invest more than $1 billion in IT. And at the forefront of IT spending are applications in the cloud, social, data warehousing and mobility areas. Gartner says that $74 billion was spent on public cloud services in 2010, which only represented 3 percent of enterprise spending. But, the firm says that public cloud services will grow five times faster than overall IT enterprise spending (19 percent annually through 2015).

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