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The analysts project a 3.5% growth in IT spending to $4.69 trillion in 2023.
According to Gartner's July prediction, growth would reach $4.71 trillion in 2023 and $5.13 trillion in 2024.
Global IT spending increased by 2.9% to $4.53 trillion by the end of 2022.
IT spending hasn't changed much as generative AI (artificial intelligence) has advanced, but the AI market as a whole encourages a growth in IT spending, according to Gartner. Its experts predict that by 2025, generative AI will start to show effects on IT spending.
In 2024, the analysts anticipate double-digit growth rates in spending on software and IT services, mostly as a result of higher investments in cloud computing.
According to Gartner, investment in gadgets will start to rise again after declining in 2022 and 2023 as a result of inflation's detrimental effects on consumer and company spending.
source: gartner.com
According to Gartner's July prediction, growth would reach $4.71 trillion in 2023 and $5.13 trillion in 2024.
Global IT spending increased by 2.9% to $4.53 trillion by the end of 2022.
IT spending hasn't changed much as generative AI (artificial intelligence) has advanced, but the AI market as a whole encourages a growth in IT spending, according to Gartner. Its experts predict that by 2025, generative AI will start to show effects on IT spending.
In 2024, the analysts anticipate double-digit growth rates in spending on software and IT services, mostly as a result of higher investments in cloud computing.
According to Gartner, investment in gadgets will start to rise again after declining in 2022 and 2023 as a result of inflation's detrimental effects on consumer and company spending.
source: gartner.com
