According to new statistics from Gartner the global IT spending forecast for 2012 is US$ 3.6 trillion, up from US$ 3.5 trillion last year. This represents an approximately ~2.5% year-over-year increase.
Spending on Public Cloud Services is expected to increase by 20% from $91 billion in 2011 to $109 billion in 2012. Gartner anticipates that this number could increase by 90% in 2016.
At $1.6 trillion, telecommunications services are expected to be the biggest chunk of IT spending this year. Although services costs are dropping, demand from developing economies and an increase in connected devices such as tables, gaming devices and mobile applications are driving this increased spend.