IT spending by 2021

Steadily, one can observe that, vertical industries including consumers, banks, manufacturers, and telecommunications providers are heavily investing in IT with the goal to streamline each key process.

Many analysts predict that, improvements and stability in business confidence across a broad range of vertical industries will drive stronger IT spending growth in the upcoming years; led by financial and professional services firms, retailers, and healthcare providers.

According to IDC, by 2021, IT spending will reach $2.7 trillion, with the largest contributions coming from consumers, banks, manufacturers, and telecommunications providers.