Despite global economic challenges, Worldwide IT companies are expected to continue investing in IT infrastructure. According to latest information, global IT spending is projected to reach $3.6 trillion in 2012, posting a 3 percent increase from 2011 spending of $3.5 trillion. 

It is found, the global telecom services market is the largest IT spending market which is likely to record increase from Rs 1,663 billion in 2011 to Rs 1,686 billion in 2012; a 1.4 percent increase. 

It is reportedly said that there are some bright spots for IT providers, which will show exceptional growth. Enterprise spending on public cloud services is likely to expand from $91 billion worldwide in 2011 to $109 billion in 2012. By 2016, enterprise public cloud service spending is expected to touch $207 billion.

Report further indicated, IT services is the second highest spending market which is likely to reach Rs. 864 billion in 2012, up by 2.3 percent, from Rs 845 billion in 2011. As far as computing hardware spending is concerned, it is likely to hit Rs 420 billion in 2012, against Rs 404 billion in 2011.

Despite these markets, IT services Telecom equipment market is expected to increase by over 10 percent. In 2011, it was at Rs 340 billion and now it is expected to grow to Rs 377 billion market in 2012. 

Analysts believe, India continues to grow in a strong momentum, despite inflationary pressures and rupee depreciation against the US dollar.

Check out more IT news at itvoir.com