Global IT Spending Expected To Surpass $4.4 Trillion in 2022

Talent shortages, geopolitical disruption, currency fluctuations and inflation aren't expected to have an impact on IT investments in 2022. In fact, research firm Gartner forecasts a four percent increase in worldwide IT spending this year amid all the turmoil. From a report: "Contrary to what we saw at the start of 2020, CIOs are accelerating IT investments as they recognize the importance of flexibility and agility in responding to disruption," said John-David Lovelock, research vice president at Gartner. As such, Gartner anticipates heavy spending on IT services including analytics, cloud computing and security. [...] Collective spending across all IT categories totaled nearly $4.3 trillion in 2021. This year, organizations are expected to shell out more than $4.4 trillion. Growth in categories like IT services and software is forecasted to increase by 6.8 percent and 9.8 percent, respectively. In 2023, the software category could see double-digit growth thanks to experimental end-consumer experiences and supply chain optimizations.

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