Gartner Forecasts ‘Positive Growth’ for All IT Segments Through 2022

Global information technology spending is projected to reach $4.1 trillion this year, up 8.4% from 2020, reported Gartner Wednesday. All IT spending segments are forecast to have “positive growth” through 2022, it said. The highest growth will come from devices (up 14%) and enterprise software (up 10.8%), “as organizations shift their focus to providing a more comfortable, innovative and productive environment for their workforce,” said Gartner. “IT no longer just supports corporate operations as it traditionally has, but is fully participating in business value delivery,” said Gartner Vice President John-David Lovelock. “Not only does this shift IT from a back-office role to the front of business, but it also changes the source of funding from an overhead expense that is maintained, monitored and sometimes cut, to the thing that drives revenue.”