Gartner Forecasts Worldwide IT Spending To Grow 9.8% In 2025
FutureCIO, Friday, January 24th, 2025
"While budgets for CIOs are increasing, a significant portion will merely offset price increases within their recurrent spending," said John-David Lovelock, distinguished VP Analyst at Gartner.
"This means that 2025 nominal spending versus real IT spending will be skewed, with price hikes absorbing some or all of budget growth. All major categories reflect higher-than-expected prices, prompting CIOs to defer and scale back their true budget expectations."
GenAI-driven spending
Generative AI (GenAI) hardware upgrades will cause double-digit growth in 2025 in segments including data centre systems, devices, and software.