Gartner Forecasts Worldwide IT Spending to Grow 9% in 2021
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October 12, 2021
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Key takeaways
- Worldwide IT spending projected at $4.2 trillion in 2021, up 8.6% from 2020.
- IT investments prioritized for technologies tied to clear business outcomes.
- IT services segment sees significant growth, with infrastructure-as-a-service leading.
An article by Gartner:
Worldwide IT spending is projected to total $4.2 trillion in 2021, an increase of 8.6% from 2020, according to the latest forecast by Gartner, Inc.
“Technology spending is entering a new build budget phase,” said John-David Lovelock, distinguished research vice president at Gartner. “CIOs are looking for partners who can think past the digital sprints of 2020 and be more intentional in their digital transformation efforts in 2021. This means building technologies and services that don’t yet exist, and further differentiating their organization in an already crowded market.”