What Can MSPs Expect for IT Spending in 2016?

MSPs have a lot of things to think about on a daily basis. Customer satisfaction, closing new deals, ensuring the security and availability of customer systems and data. Global economics, on the other hand, isn't something a lot of MSPs have time to contemplate.

If all you did was read or watch the news you may get a somewhat negative view of the global economic condition these days. However, there is a lot to be thankful for in 2016 and for the MSPs who know how to read the signs, there is a lot of opportunity.

IT Spending

First, IT spending is up. According to Gartner's annual IT spending forecast, 2016 should see around $3.5 trillion in global IT spending, an increase of about .6 percent from 2015. Now, .6 is not a huge increase but it's also not a decrease. In 2015, while IT spending was down from previous years, this decrease was a result of the rising U.S. dollar and not a true softening in demand for IT goods and services.

IT Services Spending

Second, 2016 is projected to see roughly $940 billion in IT services spending (according to Gartner). IT services is where managed services and cloud computing fall, and therefore is the most relevant portion of the Gartner forecast for MSPAlliance members.