Worldwide IT spending is forecast to grow from $2.46 trillion in 2015 to more than $2.8 trillion in 2019, according to the new Worldwide Semiannual IT Spending Guide from International Data Corporation (IDC).

The new spending guide expands on IDC's previous IT spending forecasts by providing more detail on technology expenditures by geography, industry and company size. North America will provide the largest share of global IT spending throughout the 2015-2019 forecast period and is forecast to pass the $1 trillion mark in 2017, according to the report. IT spending in North America will grow at a 3.8% compound annual growth rate (CAGR).

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