{"id":626148,"date":"2023-04-06T09:50:10","date_gmt":"2023-04-06T14:50:10","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/04\/06\/gartner-forecasts-massive-growth-in-software-and-it-services\/"},"modified":"2023-04-06T09:50:10","modified_gmt":"2023-04-06T14:50:10","slug":"gartner-forecasts-massive-growth-in-software-and-it-services","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/04\/06\/gartner-forecasts-massive-growth-in-software-and-it-services\/","title":{"rendered":"Gartner forecasts massive growth in software and IT services"},"content":{"rendered":"<div id=\"content-header\">\n<h2>IT leaders are set to deploy more workloads on infrastructure-as-a-service public clouds as they attempt to keep costs under control <\/h2>\n<\/div>\n<div id=\"content-center\">\n<ul>\n<li><i data-icon=\"1\"><\/i><\/li>\n<li><i data-icon=\"2\"><\/i><\/li>\n<\/ul>\n<div id=\"contributors-block\">\n<p><img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/rms\/computerweekly\/Cliff-Saran-Sep-2022-140x180px.jpg\" alt=\"Cliff Saran\">\n\t\t\t\t\t<\/p>\n<p><span>By<\/span><\/p>\n<ul>\n<li>\n\t\t\t\t\t<a href=\"https:\/\/www.techtarget.com\/contributor\/Cliff-Saran\">Cliff Saran,<\/a><br \/>\n\t\t\t\t\t\t<span>Managing Editor<\/span>\n\t\t\t\t\t\t<\/li>\n<\/ul>\n<p>\n\tPublished: <span>06 Apr 2023 13:30<\/span>\n<\/p>\n<\/div>\n<section id=\"content-body\">\n<p>Analyst Gartner has projected that worldwide IT spending will total $4.6tn in 2023, an increase of 5.5% from 2022. Its latest forecast shows that despite continued global economic turbulence, all regions worldwide are set to achieve IT spending growth in 2023.<\/p>\n<p>According to John-David Lovelock, distinguished vice-president and analyst at Gartner, the economic slowdown has <a href=\"https:\/\/www.techtarget.com\/searchcio\/news\/252526350\/Gartner-IT-spending-to-grow-51-amid-optimization-push\">not affected digitisation initiatives significantly<\/a>: \u201cIT spending will remain strong, even as many countries are projected to have near-flat gross domestic product (GDP) growth and high inflation in 2023.<\/p>\n<p>\u201cPrioritisation will be critical as CIOs look to optimise spend while using digital technology to transform the company\u2019s value proposition, revenue and client interactions.\u201d<\/p>\n<p>Gartner believes that as organisations navigate continued economic turbulence, the split of technologies being maintained versus those driving the business is apparent in their position relative to overall average IT spending growth.<\/p>\n<p>Lovelock added: \u201cThere is sufficient spending within datacentre markets to maintain existing on-premise datacentres, but new spending has shifted to cloud options, as reflected in the growth in IT services.\u201d<\/p>\n<p>Its latest forecast shows that businesses will prioritise spending on software in a bid to capture competitive advantages through increased productivity, automation and other software-driven transformation initiatives.<\/p>\n<p>Software spending grew 8.8% in 2022 to $794bn. By 2024, spending on software is forecast to hit $1tn. The Gartner forecast shows spending on devices will decline nearly 5% in 2023, as consumers defer device purchases due to declining purchasing power and a lack of incentive to buy.<\/p>\n<p>It has also predicted an IT services growth trajectory through 2024, largely driven by the <a href=\"https:\/\/www.computerweekly.com\/news\/252515193\/Public-cloud-giants-fuel-double-digit-growth-in-datacentre-hardware-and-software-spend\">infrastructure-as-a-service (IaaS) market<\/a>. which is projected to reach over 30% growth this year. Spending on IT services is expected to grow from $1.25tn in 2022 to $1.5tn by 2024. According to Gartner, for the first time, price is a key driver of increased spend for cloud services segments, rather than just increased usage.<\/p>\n<p>While there have been job losses across the tech sector, Gartner warned that there is still a <a href=\"https:\/\/www.computerweekly.com\/news\/252529256\/Gartner-CIOs-will-struggle-to-retain-and-attract-IT-talent\">critical shortage of skilled IT labour<\/a>. The demand for tech talent greatly outstrips the supply, which, it predicted, would continue until at least 2026 based on forecast IT spend.<\/p>\n<p>\u201cTech layoffs do not mean that the IT talent shortage is over,\u201d said Lovelock. \u201cIT spending on internal services is slowing in all industries, and businesses are not keep up with wage rate increases. As a result, businesses will spend more money to retain fewer staff and will turn to IT services firms to fill in the gaps.\u201d<\/p>\n<\/section>\n<section id=\"DigDeeperSplash\">\n<h4>\n\t\t\t<i data-icon=\"m\"><\/i>Read more on Infrastructure-as-a-Service (IaaS)<\/h4>\n<ul>\n<li><a id=\"DigDeeperItem-1\" href=\"https:\/\/www.techtarget.com\/searchcio\/news\/252529381\/Gartner-halves-2023-IT-spending-growth\"><br \/>\n\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/rms\/onlineimages\/money_g656093868_searchsitetablet_520X173.jpg\" srcset=\"https:\/\/cdn.ttgtmedia.com\/rms\/onlineimages\/money_g656093868_searchsitetablet_520X173.jpg 960w,https:\/\/cdn.ttgtmedia.com\/rms\/onlineimages\/money_g656093868.jpg 1280w\" alt ><\/p>\n<h5>Gartner halves 2023 IT spending growth<\/h5>\n<div>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/rms\/onlineImages\/gonsalves_antone.jpg\" alt=\"AntoneGonsalves\">\n\t\t\t\t\t\t\t\t\t<\/p>\n<p><span>By: <span>Antone\u00a0Gonsalves<\/span><\/span>\n\t\t\t\t\t\t\t<\/p>\n<\/div>\n<p>\t\t\t\t<\/a><\/li>\n<li><a id=\"DigDeeperItem-2\" href=\"https:\/\/www.computerweekly.com\/news\/252529256\/Gartner-CIOs-will-struggle-to-retain-and-attract-IT-talent\"><br \/>\n\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/visuals\/German\/article\/business-innovation-1-adobe_searchsitetablet_520X173.jpg\" srcset=\"https:\/\/cdn.ttgtmedia.com\/visuals\/German\/article\/business-innovation-1-adobe_searchsitetablet_520X173.jpg 960w,https:\/\/cdn.ttgtmedia.com\/visuals\/German\/article\/business-innovation-1-adobe.jpg 1280w\" alt ><\/p>\n<h5>Gartner: CIOs will struggle to retain and attract IT talent<\/h5>\n<div>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/rms\/computerweekly\/Cliff-Saran-Sep-2022-140x180px.jpg\" alt=\"CliffSaran\">\n\t\t\t\t\t\t\t\t\t<\/p>\n<p><span>By: <span>Cliff\u00a0Saran<\/span><\/span>\n\t\t\t\t\t\t\t<\/p>\n<\/div>\n<p>\t\t\t\t<\/a><\/li>\n<li><a id=\"DigDeeperItem-3\" href=\"https:\/\/www.computerweekly.com\/news\/252526271\/Gartner-Hero-CIOs-are-needed-again-to-save-businesses\"><br \/>\n\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/rms\/onlineimages\/mobile_g1267081443_searchsitetablet_520X173.jpg\" srcset=\"https:\/\/cdn.ttgtmedia.com\/rms\/onlineimages\/mobile_g1267081443_searchsitetablet_520X173.jpg 960w,https:\/\/cdn.ttgtmedia.com\/rms\/onlineimages\/mobile_g1267081443.jpg 1280w\" alt ><\/p>\n<h5>Gartner: Hero CIOs are needed again to save businesses<\/h5>\n<div>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/rms\/computerweekly\/Cliff-Saran-Sep-2022-140x180px.jpg\" alt=\"CliffSaran\">\n\t\t\t\t\t\t\t\t\t<\/p>\n<p><span>By: <span>Cliff\u00a0Saran<\/span><\/span>\n\t\t\t\t\t\t\t<\/p>\n<\/div>\n<p>\t\t\t\t<\/a><\/li>\n<li><a id=\"DigDeeperItem-4\" href=\"https:\/\/www.computerweekly.com\/news\/252522690\/Gartner-Software-sales-defy-economic-outlook\"><br \/>\n\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/rms\/onlineimages\/strategy_a313453946_searchsitetablet_520X173.jpg\" srcset=\"https:\/\/cdn.ttgtmedia.com\/rms\/onlineimages\/strategy_a313453946_searchsitetablet_520X173.jpg 960w,https:\/\/cdn.ttgtmedia.com\/rms\/onlineimages\/strategy_a313453946.jpg 1280w\" alt ><\/p>\n<h5>Gartner: Software sales defy economic outlook<\/h5>\n<div>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/rms\/computerweekly\/Cliff-Saran-Sep-2022-140x180px.jpg\" alt=\"CliffSaran\">\n\t\t\t\t\t\t\t\t\t<\/p>\n<p><span>By: <span>Cliff\u00a0Saran<\/span><\/span>\n\t\t\t\t\t\t\t<\/p>\n<\/div>\n<p>\t\t\t\t<\/a><\/li>\n<\/ul>\n<\/section>\n<\/div>\n<p><a href=\"https:\/\/www.computerweekly.com\/news\/365534935\/Gartner-forecasts-massive-growth-software-and-IT-services\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Arden Menjivar<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IT leaders are set to deploy more workloads on infrastructure-as-a-service public clouds as they attempt to keep costs under control By Cliff Saran, Managing Editor Published: 06 Apr 2023 13:30 Analyst Gartner has projected that worldwide IT spending will total $4.6tn in 2023, an increase of 5.5% from 2022. Its latest forecast shows that despite<\/p>\n","protected":false},"author":1,"featured_media":626149,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24106,38639,46],"tags":[],"class_list":{"0":"post-626148","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-forecasts","8":"category-gartner","9":"category-technology"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/626148","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=626148"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/626148\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/626149"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=626148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=626148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=626148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}