8 IT Spending Trends to Look For in 2017

by Jennifer Clark on November 16, 2016 · 0 comments

in Cloud Computing,Data Center,Mobility,ScanSource Catalyst

According to Gartner, IT spending should rebuild in 2017 by 2.9 percent. This is a slight increase over this past year, while Analyst firm Forrester indicates growth in the tech industry to rise 5.1 percent. This can only mean IT is no longer looked at as just a cost center but rather an investment that needs to be nurtured. While costs are cut in other areas, IT will not be one of them. As many companies shift their products to “as-a-service” and recurring revenue models, IT spending will only increase. Digital business is big business and Gartner expects global software spending to increase by 7.2 percent next year.

So, what does this mean? With billions of dollars at stake for the rising tech trends, all of those buzz-worthy trends are becoming mainstream and the investment areas below are focused opportunities for your business in 2017.

  1. Specific Verticals. Within IT, certain verticals are projected to rise above others. While communications systems and computers are thought to decrease, high-tech, transportation, and construction are predicted to see the strongest growth in tech spending in 2017. (Bartels)
  2. Business Technology. Forrester calls Business Technology the technology that firms use to win and retain new business. Specifically, this is predicted to become more than half of all new project spending next year.
  3. Cloud Spending. We continue to see everything rise to the cloud, and 2017 will be no different, with more cloud computing models and SaaS applications.
  4. Operational Spending. Software programs for marketing automation and customer relationship management (CRM), eCommerce, and analytic services are poised for growth of 10 percent or more (Forrester blogger Andrew Bartels).
  5. IoT. Along the lines of automation, IoT requires new devices that will sync together to generate analytics and utilize Big Data to create more efficiencies. Devices will begin to communicate and make decisions based on one another.
  6. Mobility. Mobility is like the cloud, it’s always a priority and ever-changing. As customers become more mobile they expect their devices and programs to be able to adapt to the mobile computing lifestyle.
  7. Artificial Intelligence. Research firm Markets and Markets estimates that the AI market will grow to $5.05 billion by 2020. As leaders Google and Microsoft added AI services, watch for a continued rollout across small companies, even startups, with advanced techniques.
  8. Conversational Systems. Gartner predicts the new fad of texting with apps is not only here, but here to stay. And in fact, one day our intelligent sidekicks (phones, tablets, devices, etc.) will all have some conversational interface.

Whether you plan to invest in these areas, or supply products to those who do, concentrating on even one of these areas will help position your business in front of the competition in 2017. Contact Jamal Strother, ScanSource Sales Development Representative, at jamal.strother@scansource.com to talk next steps for your IT projects.

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