Information technology spending is growing at a faster pace than originally forecasted Gartner Inc. announced. Telecommunication services leads the IT market and is expected to generate $1.7 trillion globally this year. Cloud services is another bright spot and is expected to grow from $91 billion worldwide in 2011 to $109 billion in 2012. Gartner’s IT spending forecast relies on analysis of sales by thousands of vendors and service providers.

“Business process as a service (BPaaS) still accounts for the vast majority of cloud spending by enterprises but  platform as a service (PaaS), software as a service (SaaS) and infrastructure as a service (IaaS) are growing faster,” said Richard Gordon, research vice president at Gartner.

If your business is considering adding new IT equipment, and you want to conserve available cash, leasing may be an appropriate solution. For more information on leasing you can review the following posts:

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If you have any questions regarding leasing IT equipment, please contact us.

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