Higher digital spends likely to boost IT budgets in 2019, say experts

After remaining flat, IT spending had picked up momentum in the second half of 2018

Clients of big information technology (IT) services companies are likely to increase their budgets this year, after not doing so for the past few years, claims experts and analysts tracking the sector. Discretionary expenditure in new technologies, needed to stay relevant, is going to be the source of the budgetary expansion. 

According to experts and analysts, most outsourcing deals in 2019 will be led by new technologies, which will be bundled with traditional services. This will lead to a bigger size of outsourcing contracts.

A recent report by Gartner claims global IT spend would cross $1 trillion (Rs 70.5 trillion