According to Gartner, a leading market research firm, Information Technology (IT) worldwide spending should be US$ 4.5 trillion, 2.4% increase compared to 2022.
The segments of software and IT services should grow 9.3% and 5.5% respectively. However, Gartner's projection also points to a 5.1% retraction in the device segment for this year.
This forecast is based on current market trends, where technology sectors such as cloud computing, Big Data and artificial intelligence are experiencing significant growth even with high interest rates limiting consumers' purchasing power.
Gartner Worldwide Forecast for IT Spending (in billions of dollars)
![](https://static.wixstatic.com/media/3ce337_e93a2f32106f407e8c2ecd8c09c02a52~mv2.png/v1/fill/w_586,h_340,al_c,q_85,enc_auto/3ce337_e93a2f32106f407e8c2ecd8c09c02a52~mv2.png)
Source: Gartner (January 2023) - https://www.gartner.com
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