Tech spending to jump globally in 2014, analysts predict

Washington: IT spending is projected to total 3.8 trillion dollars globally in 2014, according to Gartner.

The jump is a 3.1 percent increase from 2013 spending of 3.7 trillion dollars. In 2013, the market experienced flat growth, growing 0.4 percent year over year. According to PC World, spending on devices, including PCs, ultramobiles, mobile phones, and tablets, contracted 1.2 percent in 2013, but it will grow 4.3 percent in 2014. Enterprise software spending growth continues to be the strongest throughout the forecast period. The 2014 annual growth rate is expected to be 6.8 percent, the report added.