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Global IT spending will grow by 6.2% in 2021 From Gartner

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According to Gartner’s latest forecast, global IT spending is expected to reach $3.9 trillion in 2021, an increase of 6.2% over 2020. Global IT spending will fall by 3.2% in 2020.

In 2020, in order to meet the requirements of telework, education and new social norms, the digital transformation is accelerated, which makes the blockade and social alienation measures become a double-edged sword, and reduces the negative impact of the epidemic on it expenditure entering the new year.

It spending in all industries is expected to return to growth in 2021 (see Table 1). With the expansion and improvement of teleworking environment, enterprise software is expected to have the strongest rebound (8.8%). In 2021, the equipment sector will usher in the second highest growth (8%), and it expenditure is expected to reach $705.4 billion.

By 2024, enterprises will be forced to accelerate the digital business transformation plan for at least five years. Gartner predicts that the total global IT expenditure related to telework will reach US $332.9 billion in 2021, an increase of 4.9% over 2020.

Digital business represents the leading technology trend at the end of 2020 and the beginning of 2021, with cloud computing, core business applications, security and customer experience at the forefront. Optimization plan will continue, such as super automation.

Despite novel coronavirus pneumonia vaccines, the novel coronavirus pneumonia still needs government intervention in 2021.

Overall, it will take 2022 for the global recovery to return to spending levels in 2019, although many countries are likely to recover earlier. Densely populated industries such as catering, tourism and entertainment will remain at the bottom for a long time. Read more: Gartner: India’s IT spending is expected to reach $79.3 billion in 2020, down 8.4% year on year. Gartner: global IT spending on Banking and securities will fall 4.7% in 2020. Gartner: global IT spending is expected to reach $3.4 trillion in 2020, down 8% year on year. Gartner: global IT spending is expected to reach $3.6 trillion in 2012 3% year on year growth Gartner: India’s IT spending will reach US $87.1 billion in 2018 Gartner: global IT spending is expected to reach US $3.7 trillion in 2018 Gartner: global IT spending will reach US $3.7 trillion in 2013 Gartner: global IT spending will reach US $3.8 trillion in 2019 Gartner: Business value or revenue realization is the priority of it cost optimization Gartner: it spending in EMEA is expected to reach US $10000 in 2017 US $100 million Gartner: Australia’s IT spending will increase by 3.5% in 2019 Gartner: global IT spending is expected to reach US $3.5 trillion in 2020, a year-on-year decrease of 7.3% Gartner: global IT spending will reach US $3.76 trillion in 2019 Gartner: global IT spending is expected to grow steadily by 3.2% Gartner: India’s IT spending will decrease by 8% in 2020

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