{"id":472749,"date":"2021-04-07T08:34:18","date_gmt":"2021-04-07T12:34:18","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=472749"},"modified":"2021-04-07T08:34:18","modified_gmt":"2021-04-07T12:34:18","slug":"gartner-forecasts-worldwide-it-spending-to-reach-4-trillion-in-2021","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/gartner-forecasts-worldwide-it-spending-to-reach-4-trillion-in-2021\/","title":{"rendered":"Gartner Forecasts Worldwide IT Spending to Reach $4 Trillion in 2021"},"content":{"rendered":"

<\/p>\n

Gartner Forecasts Worldwide IT Spending to Reach $4 Trillion in 2021<\/b><\/p>\n

Funding for New Digital Business Initiatives to Come From Outside of IT<\/i><\/b><\/p>\n

STAMFORD, Conn.–(BUSINESS WIRE<\/a>)–
\nWorldwide IT spending is projected to total $4.1 trillion in 2021, an increase of 8.4% from 2020, according to the latest forecast by Gartner, Inc. The source of funds for new digital business<\/a> initiatives will more frequently come from business departments outside IT and charged as a cost of revenue or cost of goods sold (COGS).\n<\/p>\n

\n\u201cIT no longer just supports corporate operations as it traditionally has, but is fully participating in business value delivery,\u201d said John-David Lovelock<\/a>, distinguished research vice president at Gartner. \u201cNot only does this shift IT from a back-office role to the front of business, but it also changes the source of funding from an overhead expense that is maintained, monitored and sometimes cut, to the thing that drives revenue.\u201d\n<\/p>\n

\nAll IT spending segments are forecast to have positive growth through 2022 (see Table 1). The highest growth will come from devices<\/a> (14%) and enterprise software (10.8%) as organizations shift their focus to providing a more comfortable, innovative and productive environment for their workforce.\n<\/p>\n\n\n\n\n\n\n\n\n\n\n
\n

Table 1. Worldwide IT Spending Forecast (Millions of U.S. Dollars)<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

2020
\n
Spending<\/b><\/p>\n<\/td>\n

\n

2020
\n
Growth
\n
(%) <\/b><\/p>\n<\/td>\n

\n

2021
\n
Spending<\/b><\/p>\n<\/td>\n

\n

2021
\n
Growth
\n
(%) <\/b><\/p>\n<\/td>\n

\n

2022
\n
Spending<\/b><\/p>\n<\/td>\n

\n

2022
\n
Growth
\n
(%) <\/b><\/p>\n<\/td>\n<\/tr>\n

\n

\nData Center Systems\n<\/p>\n<\/td>\n

\n

\n219,940\n<\/p>\n<\/td>\n

\n

\n2.3\n<\/p>\n<\/td>\n

\n

\n236,806\n<\/p>\n<\/td>\n

\n

\n7.7\n<\/p>\n<\/td>\n

\n

\n247,513\n<\/p>\n<\/td>\n

\n

\n4.5\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nEnterprise Software\n<\/p>\n<\/td>\n

\n

\n466,647\n<\/p>\n<\/td>\n

\n

\n-2.1\n<\/p>\n<\/td>\n

\n

\n516,872\n<\/p>\n<\/td>\n

\n

\n10.8\n<\/p>\n<\/td>\n

\n

\n571,725\n<\/p>\n<\/td>\n

\n

\n10.6\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nDevices\n<\/p>\n<\/td>\n

\n

\n663,223\n<\/p>\n<\/td>\n

\n

\n-6.9\n<\/p>\n<\/td>\n

\n

\n755,798\n<\/p>\n<\/td>\n

\n

\n14.0\n<\/p>\n<\/td>\n

\n

\n778,949\n<\/p>\n<\/td>\n

\n

\n3.1\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nIT Services\n<\/p>\n<\/td>\n

\n

\n1,021,187\n<\/p>\n<\/td>\n

\n

\n-1.8\n<\/p>\n<\/td>\n

\n

\n1,112,626\n<\/p>\n<\/td>\n

\n

\n9.0\n<\/p>\n<\/td>\n

\n

\n1,193,461\n<\/p>\n<\/td>\n

\n

\n7.3\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nCommunications Services\n<\/p>\n<\/td>\n

\n

\n1,386,471\n<\/p>\n<\/td>\n

\n

\n-0.7\n<\/p>\n<\/td>\n

\n

\n1,450,444\n<\/p>\n<\/td>\n

\n

\n4.6\n<\/p>\n<\/td>\n

\n

\n1,504,743\n<\/p>\n<\/td>\n

\n

\n3.7\n<\/p>\n<\/td>\n<\/tr>\n

\n

Overall IT<\/b><\/p>\n<\/td>\n

\n

3,757,468<\/b><\/p>\n<\/td>\n

\n

-2.2<\/b><\/p>\n<\/td>\n

\n

4,072,547<\/b><\/p>\n<\/td>\n

\n

8.4<\/b><\/p>\n<\/td>\n

\n

4,296,391<\/b><\/p>\n<\/td>\n

\n

5.5<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

\nSource: Gartner (April 2021)\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

\nAs one example, the increased focus on the employee experience and well-being are propelling technology investments forward in areas such as social software and collaboration platforms<\/a> and human capital management (HCM) software.\n<\/p>\n

\nAlthough optimization and cost savings efforts won\u2019t disappear simply because there\u2019s more economic certainty in 2021, the focus for CIOs through the remainder of the year will be completing the digital business plans that are aimed at enhancing, extending and transforming the company\u2019s value proposition.\n<\/p>\n

\n\u201cLast year, IT spending took the form of a \u2018knee jerk\u2019 reaction to enable a remote workforce in a matter of weeks. As hybrid work takes hold, CIOs will focus on spending that enables innovation, not just task completion,\u201d said Mr. Lovelock.\n<\/p>\n

Return to pre-pandemic spending levels varies<\/b><\/p>\n

\nRecovery across countries, vertical industries and IT segments still varies significantly, prompting a K-shape economic recovery. From an industry perspective, banking and securities and insurance spending will closely resemble pre-pandemic levels as early as 2021, while retail and transportation won\u2019t see the same recovery until closer to 2023.\n<\/p>\n

\nRegionally, Latin America is expected to recover in 2024, while Greater China has already surpassed 2019 IT spending levels. North America and Western Europe are both expected to recover in late 2021.\n<\/p>\n

\nMore detailed analysis on the outlook for global IT spending is available in the Gartner webinar “IT Spending Forecast, 1Q21 Update: How the Winners are Winning.”<\/a> Learn more about emerging trends, expected challenges and next steps for CIOs and IT leaders in the free Gartner E-Book \u201cTop Priorities for IT: Leadership Vision for 2021.\u201d<\/a><\/p>\n

\nGartner\u2019s IT spending forecast methodology relies heavily on rigorous analysis of sales by thousands of vendors across the entire range of IT products and services. Gartner uses primary research techniques, complemented by secondary research sources, to build a comprehensive database of market size data on which to base its forecast.\n<\/p>\n

\nThe Gartner quarterly IT spending forecast delivers a unique perspective on IT spending across the hardware, software, IT services and telecommunications segments. These reports help Gartner clients understand market opportunities and challenges. The most recent IT spending forecast research is available to Gartner clients in \u201cGartner Market Databook, 1Q21 Update.<\/a>\u201d This quarterly IT spending forecast page includes links to the latest IT spending reports, webinars, blog posts and press releases.\n<\/p>\n

About the Gartner Information Technology Practice<\/b><\/p>\n

\nThe Gartner IT practice provides CIOs and IT leaders with the insights and tools to drive the organization through digital transformation to lead business growth. Additional information is available at https:\/\/www.gartner.com\/en\/information-technology<\/a>. Follow news and updates from the Gartner IT practice on Twitter<\/a> and LinkedIn<\/a> using #GartnerIT.\n<\/p>\n

About Gartner<\/b><\/p>\n

\nGartner, Inc. (NYSE: IT) is the world\u2019s leading research and advisory company and a member of the S&P 500. We equip business leaders with indispensable insights, advice and tools to achieve their mission-critical priorities and build the successful organizations of tomorrow.\n<\/p>\n

\nOur unmatched combination of expert-led, practitioner-sourced and data-driven research steers clients toward the right decisions on the issues that matter most. We are a trusted advisor and an objective resource for more than 14,000 organizations in more than 100 countries \u2014 across all major functions, in every industry and organization size.\n<\/p>\n

\nTo learn more about how we help decision makers fuel the future of business, visit gartner.com<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210407005595\/en\/<\/a><\/span><\/p>\n

\nKatie Costello
\n
Gartner
\n
+ 1 571 444 1091
\n
katie.costello@gartner.com<\/a><\/p>\n

\nMeghan Rimol
\n
Gartner
\n
+1 571 303 4009
\n
meghan.rimol@gartner.com<\/a><\/p>\n

KEYWORDS:<\/b> Connecticut United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Mobile\/Wireless Technology Human Resources Security Telecommunications Professional Services Software Audio\/Video Data Management VoIP<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Gartner Forecasts Worldwide IT Spending to Reach $4 Trillion in 2021 Funding for New Digital Business Initiatives to Come From Outside of IT STAMFORD, Conn.–(BUSINESS WIRE)– Worldwide IT spending is projected to total $4.1 trillion in 2021, an increase of 8.4% from 2020, according to the latest forecast by Gartner, Inc. The source of funds for new digital business initiatives will more frequently come from business departments outside IT and charged as a cost of revenue or cost of goods sold (COGS). \u201cIT no longer just supports corporate operations as it traditionally has, but is fully participating in business value delivery,\u201d said John-David Lovelock, distinguished research vice president at Gartner. \u201cNot only does this shift IT from a back-office role … <\/p>\n

Continue reading “Gartner Forecasts Worldwide IT Spending to Reach $4 Trillion in 2021”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-472749","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nGartner Forecasts Worldwide IT Spending to Reach $4 Trillion in 2021 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/gartner-forecasts-worldwide-it-spending-to-reach-4-trillion-in-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gartner Forecasts Worldwide IT Spending to Reach $4 Trillion in 2021 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Gartner Forecasts Worldwide IT Spending to Reach $4 Trillion in 2021 Funding for New Digital Business Initiatives to Come From Outside of IT STAMFORD, Conn.–(BUSINESS WIRE)– Worldwide IT spending is projected to total $4.1 trillion in 2021, an increase of 8.4% from 2020, according to the latest forecast by Gartner, Inc. The source of funds for new digital business initiatives will more frequently come from business departments outside IT and charged as a cost of revenue or cost of goods sold (COGS). \u201cIT no longer just supports corporate operations as it traditionally has, but is fully participating in business value delivery,\u201d said John-David Lovelock, distinguished research vice president at Gartner. \u201cNot only does this shift IT from a back-office role … Continue reading "Gartner Forecasts Worldwide IT Spending to Reach $4 Trillion in 2021"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/gartner-forecasts-worldwide-it-spending-to-reach-4-trillion-in-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-07T12:34:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210407005595r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/gartner-forecasts-worldwide-it-spending-to-reach-4-trillion-in-2021\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/gartner-forecasts-worldwide-it-spending-to-reach-4-trillion-in-2021\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Gartner Forecasts Worldwide IT Spending to Reach $4 Trillion in 2021\",\"datePublished\":\"2021-04-07T12:34:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/gartner-forecasts-worldwide-it-spending-to-reach-4-trillion-in-2021\\\/\"},\"wordCount\":828,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/gartner-forecasts-worldwide-it-spending-to-reach-4-trillion-in-2021\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20210407005595r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/gartner-forecasts-worldwide-it-spending-to-reach-4-trillion-in-2021\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/gartner-forecasts-worldwide-it-spending-to-reach-4-trillion-in-2021\\\/\",\"name\":\"Gartner Forecasts Worldwide IT Spending to Reach $4 Trillion in 2021 - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/gartner-forecasts-worldwide-it-spending-to-reach-4-trillion-in-2021\/","og_locale":"en_US","og_type":"article","og_title":"Gartner Forecasts Worldwide IT Spending to Reach $4 Trillion in 2021 - Market Newsdesk","og_description":"Gartner Forecasts Worldwide IT Spending to Reach $4 Trillion in 2021 Funding for New Digital Business Initiatives to Come From Outside of IT STAMFORD, Conn.–(BUSINESS WIRE)– Worldwide IT spending is projected to total $4.1 trillion in 2021, an increase of 8.4% from 2020, according to the latest forecast by Gartner, Inc. The source of funds for new digital business initiatives will more frequently come from business departments outside IT and charged as a cost of revenue or cost of goods sold (COGS). \u201cIT no longer just supports corporate operations as it traditionally has, but is fully participating in business value delivery,\u201d said John-David Lovelock, distinguished research vice president at Gartner. \u201cNot only does this shift IT from a back-office role … Continue reading \"Gartner Forecasts Worldwide IT Spending to Reach $4 Trillion in 2021\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/gartner-forecasts-worldwide-it-spending-to-reach-4-trillion-in-2021\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-07T12:34:18+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210407005595r1&sid=flmnd&distro=nx&lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/gartner-forecasts-worldwide-it-spending-to-reach-4-trillion-in-2021\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/gartner-forecasts-worldwide-it-spending-to-reach-4-trillion-in-2021\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Gartner Forecasts Worldwide IT Spending to Reach $4 Trillion in 2021","datePublished":"2021-04-07T12:34:18+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/gartner-forecasts-worldwide-it-spending-to-reach-4-trillion-in-2021\/"},"wordCount":828,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/gartner-forecasts-worldwide-it-spending-to-reach-4-trillion-in-2021\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210407005595r1&sid=flmnd&distro=nx&lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/gartner-forecasts-worldwide-it-spending-to-reach-4-trillion-in-2021\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/gartner-forecasts-worldwide-it-spending-to-reach-4-trillion-in-2021\/","name":"Gartner Forecasts Worldwide IT Spending to Reach $4 Trillion in 2021 - 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