Tuesday , January 31 2023

IT spending in EMEA predicted to hit $ 97.3 billion in 2019


IT spending in Europe, the Middle East and Africa (EMEA) is expected to reach $ 973 billion in 2019, up 2 percent from $ 984 billion in 2018, according to a recent Gartner research report. Expected. According to Gartner's John-David Lovelock research, 2018 is not good for EMEA's IT spending. The 5.8% growth observed in 2018 includes a 4% currency swell due to the appreciation of the euro.

Lovelock points out that uncertainty surrounding Brexit is affecting IT spending in the region and will remain in place until the unknown is resolved. As IT spending is expected to increase by 2% in 2019, EMEA is the third slowest growing region of IT spending ahead of Eurasia and Latin America. IT spending in the UK will decline by 1.9% from 2018 to $ 20.4 billion by 2019, Lovelock said.

The UK is not expected to grow more than 2% by 2020. This has had a downward impact on the average EMEA IT spend over the forecast period. Gartner predicts EMEA equipment (PC, tablet, mobile phone) spending will decline in 2019. Consumer PC spending declined by 9.1% in 2018 and business PC unit grew by 1%. After achieving growth in 2018, spending on data center systems is expected to decrease or decrease since 2019.

According to the research firm, spending was paused for some time as a precaution against CPU security issues, due to clashes between upgrade spending and early replacement. The enterprise software market has a positive impact on overall EMEA spending growth. This is mainly due to the increased availability and acceptance of cloud software.

In 2019, Gartner expects the transition to cloud, security, and digital businesses will enhance EMEA's growth. End-user spending on EMEA public cloud services will increase by 15% to $ 38.5 billion by 2019. Applying GDPR from a security perspective, penalties for data breaches can be as high as 4% of revenue.

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