Overall IT spending is expected to increase gradually as the IT industry invests with rising markets as users begin to regain confidence in economic stability.

IT spending has seen modest growth in the latest quarterly spending forecast released by analyst giant Gartner.

Spending increased marginally on the back of a period of relative economic stability, with businesses being better prepared for future IT investment, having recovered from the depths of recession.

Device investment was identified as seeing significant increases, with Gartner forecasting an increase of 7.9 percent over 2013, reaching an investment total of $718 billion.

Richard Gordon, research vice-president at Gartner, described how business trends had helped to increase IT spending: “It’s not about everyone chucking money at IT. There is a shift to cloud computing, social media, mobile technology and growth in information”.

Public Cloud market to increase by $20 billion in 2013