Gartner Forecasts IT Spending to Rise 4% This Year, 5.5% in 2023
Global information tech spending is projected to reach $4.4 trillion in 2022, increasing 4% from last year, reported Gartner Wednesday. The 2023 outlook is for spending to increase 5.5% to $4.7 trillion, it said. Communications services will be about a…
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third of total IT spending this year, but that proportion is projected to decline slightly in 2023, said Gartner. Inflationary impacts the past two years on IT hardware, including mobile devices and PCs, “are finally dissipating and are starting to spill over into software and services,” it said. Software spending is expected to grow 9.8% to $674.9 billion in 2022 and IT services are forecast to grow 6.8% to reach $1.3 trillion.