Major IT buyers invest even more

Global IT spending rose to around US$ 895 billion in 2014, with about US$ 45.3 billion attributable to the ten companies with the highest investments in IT. Compared to 2013, nine of them increased spending by between 2 and 10%.

According to IDC, the US retail chain Walmart made the largest investment in IT. It spent US$ 10.16 billion last year, an increase of 3.1% in relation to the US$ 9.86 billion from the previous year. The Bank of America ranks second with an amount totalling US$ 5.33 billion, or 6.2% more than in 2013. Citigroup, AT&T and JPMorgan and Chase follow in third, fourth and fifth place respectively.

According to IDC, about one third of expenditures were required for the salaries and bonuses of employees in IT and telecommunications. The remaining investments flowed into a combination of customer-focused and business-focused projects and initiatives in order to take over and develop platform technologies from other manufacturers. (Source: IDC/rf)