Gartner Predicts 9.8% Growth in Global IT Spending for 2025


Gartner Predicts 9.8% Growth in Global IT Spending for 2025

📅 - Global IT spending is projected to reach $5.61 trillion in 2025, marking a 9.8% increase from 2024, according to Gartners latest forecast. While budget increases for CIOs signal positive momentum, much of this growth will be absorbed by rising prices in recurrent spending, warns John-David Lovelock, Distinguished VP Analyst at Gartner.

"Budget increases will largely counterbalance price hikes in ongoing expenditures," said Mr. Lovelock. "This dynamic will skew the balance between nominal and real IT spending, leading CIOs to revise their actual budget expectations."
Generative AIs Influence on IT Investment
Generative AI (GenAI) is set to play a significant role in IT spending, though the [...][... Check source for end of article ...]
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