IT Market To Hit $4.5 Trillion In 2022 As Services Surge: Gartner
Summary
John-David Lovelock, a distinguished research vice president at Gartner, said the cloud is serving as a “key element” for businesses looking to achieve digital transformation and support the new remote workforce. “Gartner expects the vast majority of large organizations to use external consultants to develop their cloud strategy over the next few years,” said Lovelock in a statement. “Staff skills gaps, wage inflation and the war for talent will push CIOs to rely more on consultancies and managed service firms to pursue their digital strategies.” [Related: Dell Overthrows HP As PC Market Share Leader In US: Gartner] On a global basis, Gartner estimates that IT spending will reach $4.45 trillion in 2022, representing an increase of 5.1 percent compared with 2021. Data center systems round up the list of the top five largest IT spending markets in 2022 at $226 billion, representing annual growth of 4.7 percent. Gartner’s IT spending methodology relies on analysis of sales by thousands of vendors across the entire range of IT products and services.