According to Gartner, with growing user preference for smartphone devices, it expects about half of first time computer purchases to comprise of tablets by 2017.
Smartphones, tablets and ultra mobile PCs will account for over 80 per cent of the total spending on devices by 2017. In addition, the research firm forecasts global IT spending to reach $3.8 trillion in 2014, witnessing a growth of 3.6 per cent over 2013. Higher IT spending will be driven by a large number of companies adopting digital technology across verticals. Gartner forecasts that by 2020, the number of connected devices with unique IP addresses will increase from 2.5 billion in 2009 to 30 billion by 2012.
Peter Sondergaard, global research head, Gartner, says, ?The digital industrial economy will be built on the foundations of nexus of forces (which includes confluence and integration of cloud, social collaboration, mobile and information) and the internet of things (IoT) by combining the physical world and virtual.?
Gartner says that IoT will create new economic models as it will create value worth $1.9 trillion in 2020 for industries such as health care and banking.
