Deloitte has published its 2017 predictions for the Technology, Media, and Telecommunications (TMT) sectors. One of these is, “By the end of 2018…spending on IT-as-a-Service for data centers, software and services is likely to top £440 billion ($547 billion) worldwide. This would represent a rise of over half from a forecast 2016 level of £290 billion ($361 billion).”
Furthermore, it finds “Although flexible consumption-based business models will not be ubiquitous by 2018, at over a third of all IT spending, they are expected to exceed half a trillion dollars and grow rapidly.”
Deloitte’s TMT Predictions are designed to provide insight into what may offer disruption and growth opportunities across the technology, media and telecommunications sectors over the next 12-18 months.
To read more of the findings from Deloitte, click here.