IT spending in EMEA forecast to grow 3.7% $1300 bn: Gartner

IT spending in EMEA is forecast to increase 3.7 percent in 2023 to $1300 billion, according to the latest forecast by Gartner.
EMEA IT spending for 2023 Gartner reportAmong the most mature markets in Western Europe, Germany, France and U.K., U.K. IT spending is projected to record the highest growth in 2023, achieving a 5.2 percent increase year-over-year, the report said.

“In turbulent times, CIOs hesitate to sign new contracts, commit to long-term initiatives or take on new technology partners,” said John Lovelock, Distinguished Vice President Analyst at Gartner. “Enterprise IT budgets are not central to this hesitancy, and businesses in EMEA will increase their IT budgets in 2023.”

EMEA CIOs will perform a balancing act with their IT budget. “CIOs will use digital technology to help other departments realize operational efficiency and cost savings and deploy digital technology to transform their company’s value proposition, revenue, and client interactions,” John Lovelock said.

Spending on cloud software will focus on transformation and efficiency, and EMEA CIOs will also use cloud first for new initiatives, such as packaged business capabilities (PBCs) and data grids, while maintaining current on-premises environments.

Public cloud services spending in EMEA is forecast to grow from $111 billion in 2022 to $131 billion in 2023, an increase of 18.2 percent year over year. Cloud software spending will represent 34 percent of total enterprise software spending in EMEA.

Consumer spending on personal devices will decline 2.6 percent. In 2022, it is projected to decline 13 percent, the highest double-digit decline since 2009, when it declined 11.3 percent.”

U.K. IT spending is projected to achieve the highest growth rate in 2023 to reach $218.7 billion. In 2022, the U.K. will also fare better than France and Germany in local currency. U.K. IT spending is projected to achieve the highest growth rate in 2022 with an 8 percent increase in British pounds.

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