Gartner forecasts massive growth in software and IT services | Computer Weekly
Summary
Its latest forecast shows that despite continued global economic turbulence, all regions worldwide are set to achieve IT spending growth in 2023. According to John-David Lovelock, distinguished vice-president and analyst at Gartner, the economic slowdown has not affected digitisation initiatives significantly: “IT spending will remain strong, even as many countries are projected to have near-flat gross domestic product (GDP) growth and high inflation in 2023. “Prioritisation will be critical as CIOs look to optimise spend while using digital technology to transform the company’s value proposition, revenue and client interactions.” Gartner believes that as organisations 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. The demand for tech talent greatly outstrips the supply, which, it predicted, would continue until at least 2026 based on forecast IT spend. As a result, businesses will spend more money to retain fewer staff and will turn to IT services firms to fill in the gaps.”