IT Spending Estimated To Reach $4.5 Trillion in 2022

Gartner has released a new forecast predicting that the amount of money spent on IT will reach $4.5 trillion in 2022.

Should this happen, the forecast, based on an analysis of sales figures from vendors across the IT industry, would represent an increase of 5.5% compared to 2021.

The report, which is broken down between data center systems, business software, devices, IT services and communications services, saw Gartner project almost $1.5 trillion on communications services, $1.3 trillion on IT services, $820 billion on devices, $700 billion on enterprise software and $207 billion on data center systems.

Gartner also predicts that spending on IT services will increase by more than $200 billion in 2022 compared to 2020.

According to Gartner’s forecast, enterprise software saw the largest increase in spending in 2022 compared to 2021.

Gartner said the 11.5% growth forecast for 2022 is largely driven by “infrastructure software spending continuing to outpace application software spending.”

IT World Canada Staff
IT World Canada Staff
The online resource for Canadian Information Technology professionals.

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