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The money spent on IT worldwide has been most recently estimated as US $3.5 trillion and is currently growing at 5% per year, doubling eve...

The money spent on IT worldwide has been most recently estimated as US $3.5 trillion and is currently growing at 5% per year, doubling every 15 years.^[11] The 2014 IT budget of US federal government is nearly $82 billion.^[12] IT costs, as a percentage of corporate revenue, have grown 50% since 2002, putting a strain on IT budgets. When looking at current companies' IT budgets, 75% are recurrent costs, used to "keep the lights on" in the IT department, and 25% are cost of new initiatives for technology development.^[11]