Emerging regions such as Asia/Pacific, Latin America, the Middle East and Africa will generate IT spending of $1.1trillion (£570bn) this year alone, according to analyst Gartner.

Technology will boost gross domestic product (GDP) by improving private sector efficiency.

And such growth will, in turn, attract outside investment, helping developing economies compete internationally, said Gartner vice president Luis Anavitarte.

"The growing ecosystem of economics and IT also provides credibility for countries to international lenders, boosting financial resources and investments that are so critical for IT expansion," he said.

But growth projections could still be affected by a stalling global economy.

"A US and China economic slowdown could be IT deterrents as emerging markets are highly dependent on these economies," said Anavitarte.