Worldwide IT spending will total $4.5 trillion in 2022, an increase of 5.5% from 2021, according to a forecast by marketing and research firm Gartner.
Global spending growth on devices reached a peak in 2021 (15.1%) with people working from home during the worst part of the pandemic but 2022 will still show an uptick as enterprises upgrade devices and/or invest in multiple devices to thrive in a hybrid work setting.
“What changed in 2020 and 2021 was not really the technology itself, but people’s willingness and eagerness to adopt it and use it in different ways,” said the company´s research vice president John-David Lovelock.
“In 2022, CIOs need to reconfigure how work is done by embracing business composability and the technologies that accommodate asynchronous workflows.”
“Enterprises will increasingly build new technologies and software, rather than buy and implement them, leading to overall slower spending levels in 2022 compared to 2021,” said Lovelock.
“However, digital tech initiatives remain a top strategic business priority for companies as they continue to reinvent the future of work, focusing spending on making their infrastructure bulletproof and accommodating increasingly complex hybrid work for employees going into 2022.”
Enterprise software is expected to have the highest growth in 2022 at 11.5% driven by infrastructure software spending continuing to outpace application software spending.