Australia is bucking global trends, as Gartner projects global IT spending to shrink to US$3.66 trillion in 2015, a drop of 1.3 per cent.
Spending on technology products and services in Australia is forecast to grow to $78.7 billion in 2015 (from $75.6 billion), an increase of 4.2 per cent on last year.
Gartner attributed the shrinking worldwide IT spend to the rising US dollar, but claimed it isn’t a crash -even though it looks like one.
“The recent rapid rise in the value of the U.S. dollar against most currencies has put a currency shock into the global IT market,” Gartner research vice-president, John-David Lovelock, said.
On the other hand, the IT spending forecast for Australia is on the rise. Even when breaking down the forecast into various segments (such as devices, datacentre systems, software, IT services, and telecommunications services), they all show positive predictions for 2015.
Australian consumers are expected to spend the most on telecommunications services (including fixed voice and data and mobile voice and data services); with Gartner projecting it to grow from $26.1 billion in 2014 to a little over $26.9 billion in 2015.
IT spend on datacentre systems in Australia is predicted to grow the least, from $2.3 billion in 2014 to $2.5 billion in 2015.