Forecast Alert: IT Spending, Worldwide, 1Q18 Update

Analysts: John-David Lovelock, Adrian O’Connell, Wm. L. Hahn, April Adams, Dean Blackmore, Ranjit Atwal, Hai Swinehart, Neha Gupta, Niketa Patel

Worldwide dollar-valued IT spending growth in 2018 has been revised to 6.2%, up 1.8% from the prior quarter. However, the constant-currency growth slightly declined to 3.0%.

The Gartner forecast for worldwide IT spending (in USD values) has been revised up 1.8% to 6.2% in 2018, compared with our 4Q17 forecast. This is the highest annual growth rate Gartner has forecast since 2007, and it would be a sign of a new cycle of IT growth, if it were not for the constant-currency growth dipping slightly to 3.0%.

Multinational technology product management leaders should hedge against further currency fluctuations in 2018. Use this research to understand this and other important trends in forecasting.

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