Worldwide IT spending to total $4.1 trillion in 2021

2021-04-13 04:00

Worldwide IT spending is projected to total $4.1 trillion in 2021, an increase of 8.4% from 2020, according to the latest forecast by Gartner.

IT spending segments to have positive growth through 2022.

All IT spending segments are forecast to have positive growth through 2022.

"Last year, IT spending took the form of a 'knee jerk' reaction to enable a remote workforce in a matter of weeks. As hybrid work takes hold, CIOs will focus on spending that enables innovation, not just task completion," said Mr. Lovelock.

From an industry perspective, banking and securities and insurance spending will closely resemble pre-pandemic levels as early as 2021, while retail and transportation won't see the same recovery until closer to 2023.

Regionally, Latin America is expected to recover in 2024, while Greater China has already surpassed 2019 IT spending levels.

News URL

http://feedproxy.google.com/~r/HelpNetSecurity/~3/kP5rz0F_Ljo/