IT spending to grow 3% in 2022 —Gartner
Worldwide IT spending is estimated to increase by three per cent year-on-year to $4.5 trillion in 2022, according to the latest forecast by technological research and consulting firm Gartner, Inc.
Price increases and delivery uncertainty, exacerbated by the Russian invasion of Ukraine, have accelerated the transition in purchasing preference among CIOs (Chief Information Officers), and enterprises in general, from ownership to service — pushing cloud spending to 18.4% growth in 2021 and expected growth of 22.1% in 2022.
The high demand in cloud services is also driving spending on servers to 16.6% growth in 2022 as hyperscalers build out their data centers.
Meanwhile, data center systems spending is forecast to experience the strongest growth of all segments in 2022 at 11.1%. Cloud consulting and implementation and cloud-managed services are expected to grow 17.2% in 2022 — from $217 billion in 2021 to $255 billion in 2022 — helping to drive the overall IT services segment to 6.2% growth in 2022.
However, Gartner stated that the industry is expected to expand at a much slower pace than in 2021 due to the five per cent drop in purchasing PCs, tablets, and printers by consumers.
Gartner Research VP John-David Lovelock said, “Inflation is top of mind for everyone. Central banks around the world are focusing on fighting inflation, with overall inflation rates expected to be reduced through the end of 2023.”
