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“Every quarter, we revise our growth. I have been very closely observing the forecast which we have made and we see that around 10% growth on IT services spending, end user spending is going to happen. That is going to remain consistent for the next two to three years. So we see a very positive mood at this point in time from IT services.”
Worldwide IT spending is projected to total $5.1 trillion in 2024, an increase of 8% from 2023, according to the latest forecast by Gartner, Inc. While generative AI (GenAI) has not yet had a material impact on IT spending, investment in AI more broadly is supporting overall IT spending growth. “In 2023 and 2024, veryWorldwide IT spending is projected to total $5.1 trillion in 2024, an increase of 8% from 2023, according to the latest forecast by Gartner, Inc. While generative AI (GenAI) has not yet had a material impact on IT spending, investment in AI more broadly is supporting overall IT ...
AI Investment Supports IT Spending Growth, But GenAI Impacts Will Not Be Felt Until 2025 ...