IT spending is expected to reach £75.3 billion with a 3.4 percent increase worldwide in 2013 according to predictions made by analysts Ovum.

Asia is expected to be the clear leader in IT investment, with 5.1 percent growth expected. IT growth in the EU is expected to rise upon the stabilisation of economic markets.

Global growth is expected to be fuelled by the digitalisation of banking services, as more finance operations become cloud based.