Worldwide IT spending is projected to total 4.6 trillion USD in 2023, an increase of 5.5 percent from 2022, according to the latest forecast by Gartner. Despite continued global economic turbulence, all regions worldwide are projected to have positive IT spending growth in 2023.
“Macroeconomic headwinds are not slowing digital transformation,” said John-David Lovelock, VP Analyst at Gartner. “IT spending will remain strong, even as many countries are projected to have near-flat gross domestic product (GDP) 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.”
The software segment will see double-digit growth this year as enterprises prioritize spending to capture competitive advantages through increased productivity, automation and other software-driven transformation initiatives. Conversely, the devices segment will decline nearly 5 percent in 2023, as consumers defer device purchases due to declining purchasing power and a lack of incentive to buy.
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