IT spending to grow at 5.1% to $4.5 trillion in 2022: Gartner

Worldwide IT spending is projected to increase at 5.1 percent to $4.5 trillion in 2022, according to the latest forecast by Gartner.
IT spending forecast for 2022CIOs are now in a position to move beyond the critical, short term projects over the past two years and focus on the long term, the report said.

“Simultaneously, staff skills gaps, wage inflation and the war for talent will push CIOs to rely more on consultancies and managed service firms to pursue their digital strategies,” said John-David Lovelock, distinguished research vice president at Gartner.

Gartner report on IT spending forecasts that the IT services segment – which includes consulting and managed services – is expected to have the second highest spending growth in 2022, reaching $1.3 trillion, up 7.9 percent from 2021. Business and technology consulting spending, specifically, is expected to grow 10 percent in 2022.

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