Gartner Forecasts Worldwide IT Spending To Grow 5.5% In 2023
Gartner, April, 6th 2023
IT Spending Will Increase in All Regions Worldwide Despite Global Economic Turbulence
Worldwide IT spending is projected to total $4.6 trillion in 2023, an increase of 5.5% from 2022, according to the latest forecast by Gartner, Inc. Despite continued global economic turbulence, all regions worldwide are projected to have positive IT spending growth in 2023.
'Macroeconomic headwinds are not slowing digital transformation,' said John-David Lovelock, Distinguished VP Analyst at Gartner. 'IT spending will remain strong, even as many countries are projected to have near-flat gross domestic product (GDP) growth and high inflation in 2023. Prioritization will be critical as CIOs look to optimize spend while using digital technology to transform the company's value proposition, revenue and client interactions.'