How big might IT spending get in 2021? Gartner: How about $4 trillion. And no, you can t have a new MacBook
Ball gazers don t see devices flying off shelves in 2022. Do they know something we don t?
Richard Speed Wed 7 Apr 2021 // 08:32 UTC Share
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Analysts are forecasting worldwide IT spending to top $4 trillion in 2021 with devices leading the charge as organisations adapt to changing workforce demands.
Gartner reckons nearly $4.1 trillion could be in the offing this year, up 8.4 per cent from 2020 s spending. Devices will show a healthy 14 per cent increase, driven by lockdown, closely followed by enterprise software at 10.8 per cent.
The increased forecasts come after a small contraction of 2.2 per cent in 2020, in which spending on devices as a whole dropped by 6.9 per cent. The glimmer of light last year was, according to Gartner, Data Center Systems, which increased by 2.3 per cent and is forecast to grow 7.7 per cent in 2021, trailing IT Ser
IT spending in India is projected to total USD 93 billion in 2021, an increase of 7.3 per cent from 2020, according to research firm Gartner. The growth in India will be lower than the global average, as worldwide IT spending is projected to total USD 4.1 trillion in 2021, clocking an increase of 8.4 per cent from 2020, Gartner said in a statement. The source of funds for new digital business initiatives will more frequently come from business departments outside IT and charged as a cost of revenue or cost of goods sold (COGS), it added. The IT spending in the country is expected to further grow to USD 98.5 billion in 2022.
Spending on devices is set to rocket by 14 per cent this year to $755.8bn. Enterprise software is the second fastest growing segment this year with spending set to grow by 10.8 per cent to $571.7bn.
IT services spending will grow nine per cent to 1.2tn, claims Gartner, data centre systems by 7.7 per cent to 247.5bn and communications services by 4.6 per cent to $1.45tn.
Gartner research VP John-David Lovelock said IT spending will move away from the knee-jerk spending we saw in 2020 brought on by the pandemic. Last year, IT spending took the form of a ‘knee jerk reaction to enable a remote workforce in a matter of weeks. As hybrid work takes hold, CIOs will focus on spending that enables innovation, not just task completion, said Mr. Lovelock.
IT spending in India to reach $93B in 2021: Gartner
All IT spending segments are forecast to have positive growth through 2022.
By IANS| Posted by Minhaj Adnan | Published: 7th April 2021 7:17 pm IST
Mumbai: IT spending in India is projected to total $93 billion in 2021, an increase of 7.3 per cent from 2020, according to a forecast by Gartner on Wednesday.
The growth in India will be lower than the global average, as worldwide IT spending is projected to total $4.1 trillion in 2021, an increase of 8.4 per cent from 2020.
“IT no longer just supports corporate operations as it traditionally has, but is fully participating in business value delivery,” John-David Lovelock, Distinguished Research Vice President at Gartner, said in a statement.
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