Worldwide IT spending

#WorldwideITspending is projected to reach $4.6 trillion in 2023 according to the latest forecast by Gartner. This represents an increase of 5.5% from the previous year. The projected growth is primarily driven by enterprise software and cloud services, as well as continued investment in IT infrastructure such as servers, storage, and networking equipment.


The COVID-19 pandemic has accelerated the shift towards digital transformation and remote work, which is expected to continue to drive IT spending in the coming years. However, there are also concerns about potential supply chain disruptions and inflationary pressures that could impact IT spending.


IT spending will remain strong, even as many countries are projected to have near-flat gross domestic product 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.

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