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IT spending increases for software-defined storage, on-demand services

Submitted by on October 10, 2017 – 4:37 amNo Comment

Two new spending reports paint a rosy picture for some IT vendors, but it isn’t looking so great for the traditional players. At Gartner’s Symposium & ITxpo last week, the firm released a report stating the global IT market is expected to reach $3.7 trillion next year, a 4.3 percent increase over the $3.5 billion expected for this year.

Spending on traditional data center hardware and systems is expected to stay flat, continuing a trend we’ve seen for a while now as businesses ramp up spending on three on-demand services: infrastructure as a service (IaaS), platform as a service (PaaS), and communication as a service (CaaS).

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