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.

So a significant drop in IT investment?

[ranton]

Considering inflation is higher than the increases mentioned in the article, why isn't the central message that spending in real dollars is dropping in 2022? That is a bit surprising, but perhaps because of the extreme spending required to support remote work for the past couple years. This article doesn't give much usable insight though because its analysis of accelerated spending in 2022 is quite off base.

meaningless buzzword salad

[sdinfoserv]

"CIOs are accelerating IT investments as they recognize the importance of flexibility and agility in responding to disruption," . wow, does that pile of crap stink. Takeovers, buyouts, chain supply issues and inflation - Shits just more expensive. Everybody is raising their prices so the VC's owners can one up each others yachts. CEO pay jumped almost 20% last year. https://fortune.com/2022/04/01... [fortune.com] . This doesn't have shit do do with "investment", it's cost increases and greedy phuckers.

Re:

[Paul Carver]

CEO pay jumped almost 20% last year.

You left out a key piece of information from the article you linked to. Was that deliberate or accidental? According to the article you linked to, CEO pay at 50 companies increased 19%.

I don't know how many companies you think there are in the US or the world, but 50 companies is a minuscule percentage. You're quoting very cherry picked data and implying that it's a general trend.

Maybe it is, maybe it isn't, but 50 companies is absolutely not enough data to make the claim you made. Also, why did you write 2