Organizations of all sizes and industries rely on numerous technologies on a daily basis to operate. A recent Gartner report suggested worldwide IT spending will reach $3.8 trillion in 2015, up 2.4 percent from 2014. The research firm noted, however, that this forecast is actually down from its initial 3.9 percent projection. Gartner attributed the rising U.S. dollar as a main factor behind this lower growth.
John-David Lovelock, research vice president at Gartner, indicated the reduced IT spending outlook is not as significant as it may appear on the surface.
"The rising U.S. dollar is chiefly responsible for the change - in constant currency terms the downward revision is only 0.1 percent," Lovelock said. "Stripping out the impact of exchange rate movements, the corresponding constant-currency growth figure is 3.7 percent, which compares with 3.8 percent in the previous quarter's forecast."