Worldwide IT spending is projected to rise US$3.8 trillion in 2014 according to recent Gartner research, a 3.1 percent increase from spending in 2013, which was $3.7 trillion. While not a huge jump in dollars, it does indicate that companies have been conserving cash over the past few years and are ready and willing to invest – albeit conservatively – with the recovery in place.
The promise of the Cloud has been validated and tested now over several years and organizations are increasing budgets and plans accordingly, more liberal spending is being seen by Cloud service providers who are witnessing an uptick in demand from businesses that are planning to address outdated infrastructure in 2014. Even organizations that are wary of significant cash outlays are recognizing the long-term IT savings it represents and are willing to take the steps to integrate solutions that eliminate CAPEX, and future-proof their infrastructure while providing predictable cash flow.