Gartner: Global IT spending to grow to $5 trillion in 2024
Global IT spending will grow to as much as 4.7 trillion euros ($5 trillion) this year, Gartner indicates. This is slightly more than double of global spending in 2023.
Companies worldwide are going to spend more on IT again, Gartner states in its forecast for 2024. Overall, spending is expected ... Read more
Garner halves IT spending forecast, projects 2.4 percent growth in 2023
Gartner expects spending to reach a total of $4.5 trillion in 2023, slightly down from its previous forecast.
According to Gartner, the revision is not a reflection of a decline in enterprise IT spending, but rather the result of a strengthened US dollar and a decrease in demand for consumer de... Read more
Rise in UK public sector IT spending raises concerns
According to recent research from Tussell, public sector IT spending hit £17.3 billion in the UK in 2022, doubling from 5 percent in 2021 to 10 percent last year. Concerns arise over the government's reliance on a select group of vendors.
The report attributed the growth to increased IT infrast... Read more
‘9 in 10 developers are concerned about budget and staff cuts’
Researchers from Appian suggest that nine in ten UK and EU developers are concerned about budget and staff cuts. The growth of the IT market is on the decline. Most feel the impact, from the boardroom to the office floor.
Appian surveyed 1,500 developers and software engineers for a study on th... Read more
‘IT spending will increase by nearly four percent in 2023’
Gartner predicts that consumers and businesses in the EMEA region will spend 3.7 percent more on IT next year. The organization expects total spending of €1.3 trillion.
The forecast seems positive, but the numbers don't take macroeconomic circumstances into account. Exchange rates affect inter... Read more
Gartner predicts 5 percent growth in IT spending in 2023
Gartner predicts that worldwide IT spending will increase 5.1 percent year-over-year to $4.6 trillion in 2023.
Gartner issued its forecast in conjunction with the Gartner IT Symposium/Xpo event on Wednesday. The research organization claims the predicted growth in IT spending will be fueled by ... Read more
Study: Digital transformation will drive tech spending higher
Gartner Research says that funding for the increased spending will come from outside IT departments
A new forecast from Gartner predicts worldwide IT spending to total $4.1 trillion in 2021. This jump represents an increase of 8.4% from 2020, according to the research group's quarterly IT spen... Read more
Gartner predicts IT spending to hit the $3.9 trillion mark in 2021
Gartner released its estimate for global IT spending in 2021. The predictions indicate the sector will grow by 6.2% over the course of this year and balance out the decline of 3.2% it saw in 2020 due to the pandemic.
The research agency says that enterprises were forced to invest in 'mission-cri... Read more
Gartner’s forecasts show EMEA IT spending will grow by 2.8% in 2021
Gartner forecasts that the IT spending in EMEA will total $1.075 trillion in 2021. Compared to 2020, that is a 2.8% increase. The same analyst firm says that IT spending in the region will fall 6.5% this year.
Combining Brexit and the Covid-19 pandemic, most organizations have had to cut back on... Read more
Gartner predicts 6% growth in data center infrastructure in 2021
Gartner has some good news for data center infrastructure vendors. In a forecast Gartner predicts that there will be a 6% growth in spending next year. The expected growth is attributed to businesses rebounding from cash flow problems that resulted from the Covid-19 pandemic.
The prediction stat... Read more