Big bucks continue to be spent on hardware and software, with a marked increase in cloud services, according to a new report.
Forrester released the data of its annual survey on IT spending worldwide and detected areas with higher spending, including apps and tablets.
Forrester Research’s annual report on worldwide IT spending split the amount of $2.06 trillion spent this year from businesses and governments between hardware, software and services related to the IT world. CIOs and IT decision-makers plan their biggest software spending increases in mobile applications and middleware, analytics, security, and collaboration software, according to an article on CloudTimes.org.
Software registered the largest share of tech spending in 2013 and companies will continue to spend in this segment particularly on smart and cloud computing in 2014. While investment in legacy applications (both desktop and server) begins to languish, most investment moves towards cloud computing solutions, SaaS solutions development and towards the smart computing, i.e., Big Data and mobile application development.