Gartner: 5 Big IT Markets For Governments; SaaS, IT Services Top List
New data from Gartner reveals the top five IT markets in which governments from across the globe will spend more than $560 billion on, including SaaS, devices and IT services.
No. 4: Telecom Services
2023 Spending: $68.5 Billion
2022 Spending: $67.6 Billion
Telecommunication services rank No. 4 in terms of government spending at $68.5 billion in 2023, representing an annual growth rate of 1.4 percent year over year.
In 2022, global government spending on telecom services was $67.6 billion, down nearly 5 percent year over year compared to 2021.
Telecom services fall short in comparison to other services markets like Software as-a-Service (SaaS) and IT services as government CIOs are looking to ensure their tech investments are realizing maximum benefits, Garter said. “Government CIOs who are moving beyond scaling digital solutions across their critical services are ensuring that further investment in digital solutions can directly impact how they achieve the mission or public purpose of their organization,” Gartner’s Kaushik said.