"This is the highest annual growth rate that Gartner has forecast since 2007 and would be a sign of a new cycle of IT growth. However, spending on IT around the world is growing at expected levels and is in line with expected global economic growth. "Enterprise software spending is forecast to experience the highest growth in 2018 with an 11.1 percent increase. Barring unexpected disruption, the software industry is expected to continue capitalizing on the evolution of digital business. "As a result, end-user spending will increase faster than units through 2022.

Source: Economic Times April 09, 2018 09:00 UTC