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Gartner’s 2024 IT spending forecast: With IT services poised to take the lion’s share of IT spend, it’s high time CIOs recognize their value proposition is undergoing significant transformation.
Worldwide IT spending is projected to increase 5.5% this year to a total of $4.6 trillion by the close of 2023, according to the latest forecast by market researchers at Gartner, while IDC analysts detailed a decline in spending on non-cloud infrastructure and devices but project significant growth in cloud infrastructure spending.
Despite economic uncertainty, IT budgets will likely hold steady over the next couple of years, with CIOs reporting key investments in security, analytics, automation, cloud, and IT talent.
Despite economic uncertainty, IT budgets will likely hold steady over the next couple of years, with CIOs reporting key investments in security, analytics, automation, cloud, and IT talent.
What recession? Tech spending stays robust as digital transformation plans forge ahead - SiliconANGLE