Global IT spend will likely hit $3.7 trillion this year, inching up just 2 percent from 2012's $3.6 trillion, research firm Gartner said Tuesday.
The latest forecast for 2013 spending is down from the 4.1 percent growth predicted by Gartner last quarter. The decline is based primarily on recent changes to exchange rates for the U.S. dollar. However, spending on technology devices is also projected to take a nosedive.
Gartner now expects spending on IT devices to grow just 2.8 percent, a hefty fall from the prior forecast of 7.9 percent. The first … Read more