Cloud News

Gartner: Top 5 Markets In $4.6 Trillion Tech Industry For 2023, 2024

Mark Haranas

Here are the top five market segments that will reap the most sales in 2023 and 2024, according to new data from Gartner, as global IT spending is projected to reach $4.6 trillion this year.

No. 5: Data Center Systems

2022: $216 billion

2023: $224 billion

2024: $238 billion

Once front and center in the global technology landscape, data center systems have taken a back seat to technology services and software.

The data center systems market ranks No. 5 on Gartner’s list of IT spending markets, expected to increase 3.7 percent in 2023 compared with 2022. Data center systems sales this year will reach $224 billion, according to Gartner data.

In 2024, the data center systems market is expected to increase by 6.1 percent year over year to $238 billion.

As enterprises navigate continued economic turbulence, the split of technologies being maintained versus those driving the business is apparent in their position relative to overall average IT spending growth, according to Gartner. “For example, there is sufficient spending within data center markets to maintain existing on-premises data centers, but new spending has shifted to cloud options, as reflected in the growth in IT services [versus data center systems],” said Gartner’s Lovelock.


Mark Haranas

Mark Haranas is an assistant news editor and longtime journalist now covering cloud, multicloud, software, SaaS and channel partners at CRN. He speaks with world-renown CEOs and IT experts as well as covering breaking news and live events while also managing several CRN reporters. He can be reached at

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