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Gartner updates its 2021 tech spending forecast, saying digital transformation will drive even more growth
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Enterprise executives will spend big on digital transformation this year, and that will help to see overall global information technology spending jump by 8.4% to $4.1 trillion by the end of 2021, according to a new update from research firm Gartner Inc.
The new forecast is a revision of Gartner’s first prediction in January that IT spending would hit $3.9 trillion this year as the COVID-19 pandemic continues to act as a catalyst for digital transformation in just about every major industry. Global spending on technology had contracted by 2.2% in 2020 due to pandemic-related cutbacks.