Global IT spend will increase by 2.4 per cent this year, Gartner has predicted.

Although the expected increase has dropped slightly from the research group’s previous forecast (3.9 per cent), IT spend it still set to reach $3.8 trillion (£2.52 trillion) in 2015. Gartner has lowered its estimation as a result of a rising US dollar value and the fact it believes telecom services, IT services and devices will contract, reports

John-David Lovelock, research vice president at Gartner, said despite how things may seem, the alteration isn’t a dramatic one.

“The rising US dollar is chiefly responsible for the change – in constant currency terms the downward revision is only 0.1 per cent,” he explained. “Stripping out the impact of exchange rate movements, the corresponding constant-currency growth figure is 3.7 per cent, which compared with 3.8 per cent in the previous quarter’s forecast.”

Enterprise software is expected to see the most dramatic growth this year, rising 5.5 per cent to $355 billion (£235.19 billion), which is only a slight decline from the previous year’s growth of 5.8 per cent. However, despite this drop in percentage, more is set to be spent on enterprise software this year, as only $317 billion (£210 billion) was invested in it in 2014, reports In constant currency terms, the sector will grow 8.4 per cent in 2016, Mr Lovelock said.