Gartner Forecasts Worldwide Government IT Spending To Grow 8% In 2023
Gartner, Wednesday, May 24,2023
Worldwide government IT spending is forecast to total $589.8 billion in 2023, an increase of 7.6% from 2022, according to Gartner, Inc.
'Global challenges like inflation and workforce scarcity and their local repercussions are testing the abilities of government CIOs to respond with appropriate service delivery mechanisms and organizational accountability,' said Apeksha Kaushik, Principal Analyst at Gartner. 'In addition, the 'great resignation' and the competing demand from the commercial sector have forced governments to re-examine their approaches to counterbalance internal talent scarcity.'
In 2023, government organizations will sustain commitment to investing in digital programs. 'Governments are increasingly spending their IT budgets to replace legacy applications. Gartner's 2023 CIO and Technology Executive Survey showed that 57% of government CIOs plan to increase funding for application modernization in 2023, up from 42% in 2022,' said Kaushik.