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Gartner forecasts growth in IT spending

IT spending will increase globally in all regions despite global economic turmoil.
E-3 Magazine
28 June 2023
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This text has been automatically translated from German to English.

Financial forecast

According to Gartner's latest forecast, global IT spending will reach $4.6 trillion in 2023. Despite ongoing global economic turmoil, IT spending is forecast to grow in all regions worldwide. John-David Lovelock, VP analyst at Gartner, says, "IT spending will remain high, even though many countries are forecast to experience near-stagnant gross domestic product (GDP) growth and high inflation in 2023."

The software market segment will see double-digit growth this year as companies prioritize spending. In doing so, they are pursuing the goal of achieving competitive advantages through increased productivity, automation and other software-driven transformation initiatives. In contrast, the equipment segment will decline by five percent through 2023 as consumers postpone purchases due to declining purchasing power. 

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SAP Competence Center Summit 2024

Venue

Event Room, FourSide Hotel Salzburg,
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June 5 and 6, 2024

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28 and 29 February 2024

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The organizer is the E3 magazine of the publishing house B4Bmedia.net AG. The presentations will be accompanied by an exhibition of selected SAP partners. The ticket price includes the attendance of all lectures of the Steampunk and BTP Summit 2024, the visit of the exhibition area, the participation in the evening event as well as the catering during the official program. The lecture program and the list of exhibitors and sponsors (SAP partners) will be published on this website in due time.