Gartner: IT spending stable, growth in cloud services – But growth rates are slower than last year, according to new figures

©IDG Communications, Inc. Photo contributed by Matthew Mikaelian.

IDG News Service (Boston Bureau)

BOSTON – Global spending on IT products and services will rise 3 percent in 2012 to US$3.6 trillion, according to figures released Monday by research firm Gartner. The forecast is  up from the 2.5 percent growth projection Gartner issued earlier this year. “While the challenges facing global economic growth persist — the eurozone crisis, weaker U.S. recovery,a slowdown in China — the outlook has at least stabilized,” said Gartner research Vice President Richard Gordon in a statement. However, “continued caution” is advisable for the near future, according to Gordon.

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