In spite of recent warnings and negative commentary, Gartner is hiking its 2012 IT spending...

|By:, SA News Editor

In spite of recent warnings and negative commentary, Gartner is hiking its 2012 IT spending growth forecast to 3% from a prior 2.5%. While still cautious on near-term spending, the firm claims there was little change in business and consumer sentiment in Q2, which leaves it slightly more optimistic. Spending on public cloud services (key players: AMZN, MSFT, RAX, CRM) is expected to grow 20% this year to $109B, and reach $207B in 2016.