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Gartner Predicts Silver Lining in IT Cloud Spending

I rely on my mobile for everything it seems, and if the future holds true, my phone may even replace my credit card as a way to pay for things like food, gas, clothes and more.

Gartner recently released an encouraging report for vendors who are selling cloud services, such as online backup. As worldwide businesses move more of their IT resources into the cloud, cloud spending will continue to go up, up, up, and is predicted to double in the next few years, Gartner predicted.

Overall, global spending on IT products and services will reach $3.6 trillion this year, said Gartner. This may sound like a mind boggling number, but in reality, it’s only a 3 percent increase over last year’s $3.5 trillion. The modest growth is contributed to trouble in the global economy.

If that sounds a little gloomy, take a look at the silver lining: The area of IT spending that will see the biggest increase is the cloud. Spending on the cloud will jump to $109 billion this year from $91 billion last year. That’s a whopping 19 percent increase. Within four years, that figure will skyrocket to nearly $207 billion, according to Gartner.

"Business process as a service still accounts for the vast majority of cloud spending by enterprises, but other areas such as platform as a service, software as a service and infrastructure as a service are growing faster," said Richard Gordon, research vice president at Gartner.

Amy Castor is a writer based in Cambridge, MA. She has been reporting on the technology industry for more than 15 years.

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