Global IT spending to reach $3.7 trillion in 2018: Report
Global IT spending is projected to rise 4.5% from last year to reach $3.7 trillion in 2018, according to a report by research firm Gartner. The report said new technologies like blockchain, artificial intelligence (AI), and the Internet of Things will drive the growth. Gartner added that businesses are expected to increase spending on enterprise application software in 2018.