IT Spending To Reach $4.47 Trillion In 2022
The world’s demand for IT products and services—from data center systems and software to communication services—will not slow down in 2022. Global IT spending will reach $4.47 trillion next year, representing an increase of 5.5 percent compared to 2021, according to new data from IT research firm Gartner.
Gartner’s John-David Lovelock said people’s “willingness and eagerness” to adopt technology and “use it in different ways” changed in 2020 and 2021 spurred by the ongoing global COVID-19 pandemic.
“In 2022, CIOs need to reconfigure how work is done by embracing business composability and the technologies that accommodate asynchronous workflows,” said Lovelock, distinguished research vice president at Gartner, in a statement.
With 2022 approaching, more companies aim to empower employees to work wherever they choose and to engage with customers however they prefer, which is why Gartner predicts IT communications services will hit a whopping $1.48 trillion next year.
CRN breaks down Gartner’s 2022 IT spending forecast for the five fastest growing and biggest technology market segments which consists of data center systems, enterprise software, devices, IT services and communications services.