Gartner recently released a new technology report titled, “Gartner Raises IT Spending Growth Projection on Cloud Services” Wired.com’s Cloudline reports.
The technology research company reveals global IT spending has exceeded forecast growth, reporting numbers that may reach a 3 percent increase or $3.6 trillion in 2012.
Telecom service is reportedly the most notably emerging economy and continues to dominate the IT market with 1.4 percent growth worth $1.7 million.
Cloud computing services are also gaining momentum in conjunction with increased spending for both public and federal cloud services, piggy backing on Federal Chief Information Officer Steven VanRoekel‘s Cloud First initiative which aims to decrease IT duplication processes.
In conjunction, the budget for cloud services grew from $91 billion in 2011 to $109 billion in 2012, according to Wired.