In 2022, global IT expenditure reached US $4.5 trillion, with a year-on-year increase of 3% From Gartner
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According to Gartner’s latest forecast, global IT expenditure is expected to reach $4.5 trillion in 2022, an increase of 3% over 2021. Although it expenditure is expected to increase in 2022, the growth rate will be much lower than that in 2021 due to the reduction of consumer spending on personal computers, tablets and printers, resulting in a 5% reduction in equipment expenditure.
At present, the price rise and delivery uncertainty have accelerated the transformation of CIO and the whole enterprise’s purchase preference from ownership to service, driving cloud expenditure to increase by 18.4% in 2021 and is expected to increase by 22.1% in 2022. The demand for cloud services has not only reshaped the IT service industry, but also with the construction of super large-scale data centers, the server expenditure will increase by 16.6% in 2022.
The expenditure of data center system is expected to achieve a strong growth of 11.1% in 2022. Cloud consulting and implementation and cloud hosting services are expected to increase by 17.2% in 2022, from $217billion in 2021 to $255billion in 2022, which will help drive the entire IT service industry to grow by 6.2% in 2022.
It talent crunch is affecting it spending
By the end of 2023, as the power of enterprises to complete digital transformation slows down, and there is time to upgrade and retrain the skills of existing employees, it is expected that by the end of 2023, the global IT skills shortage will be alleviated. However, in the short term, CIOs will be forced to take actions to balance the increase in it demand with the decrease in the number of IT personnel.
The it labor market continues to tighten, making it difficult to attract and retain talents. Gartner’s global labor market survey of nearly 18000 employees in the first quarter of 2022 shows that compensation is the first driving force to attract and retain it talent. Technology service providers are raising it prices to provide competitive compensation. In 2022 and 2023, it will promote the growth of software and service expenditure. It is estimated that the global software expenditure will increase by 9.6% to US $806.8 billion in 2022, and the global IT service expenditure is expected to reach US $1.3 trillion.
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