Software projects drive global IT spending to rise. Companies around the world are expected to spend $ 3.5 trillion in IT spending in 2017, rising from -0.3% in 2016 to 2.9%. Is expected to increase their spending on software and services as they all buy their technology through cloud computing models, while technology is hosted at the vendor’s data center and served via the Internet.
Software spending is expected to grow 6% in 2016, and 2017 will accelerate the growth of 7.2% to more than 350 billion US dollars. IT services spending grew 3.9 percent to $ 900 billion in 2016 and will grow 4.8 percent in 2017 to $ 943 billion. Expenditure on IT equipment and communications services is expected to return to negative growth from negative growth in 2016.

Global IT spending forecast (in US $ billion)

Software is the industry that attracts the most venture capital. University of Toronto-affiliated Martin Prosperity Institute recently announced the United States top ten venture “smoking” industry, the top five industries accounted for a total investment of 76.3%, industrial investment concentration characteristics are obvious. Software ($ 12 billion, 36.2%), the first, second to fifth, including biotechnology, media and entertainment, medical equipment, information services.

 Software is the industry that attracts the most venture capital in the United States