{"id":728235,"date":"2023-02-02T09:06:25","date_gmt":"2023-02-02T14:06:25","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/forrester-global-tech-spend-will-reach-4-4-trillion-in-2023-despite-a-turbulent-macroeconomic-environment\/"},"modified":"2023-02-02T09:06:25","modified_gmt":"2023-02-02T14:06:25","slug":"forrester-global-tech-spend-will-reach-4-4-trillion-in-2023-despite-a-turbulent-macroeconomic-environment","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/forrester-global-tech-spend-will-reach-4-4-trillion-in-2023-despite-a-turbulent-macroeconomic-environment\/","title":{"rendered":"Forrester: Global Tech Spend Will Reach $4.4 Trillion In 2023 Despite A Turbulent Macroeconomic Environment"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Forrester: Global Tech Spend Will Reach $4.4 Trillion In 2023 Despite A Turbulent Macroeconomic Environment<\/b><\/p>\n<p class=\"bwalignc\"><i>Software and IT services, fueled by cloud, will capture nearly two-thirds of global tech spend by 2027<\/i><\/p>\n<p>CAMBRIDGE, Mass.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nAccording to <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.forrester.com%2F&amp;esheet=53298038&amp;newsitemid=20230202005161&amp;lan=en-US&amp;anchor=Forrester%26%238217%3Bs&amp;index=1&amp;md5=9a11de0767cf459c8dc4c86b59430ffc\">Forrester\u2019s<\/a> (Nasdaq: FORR) <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.forrester.com%2Fblogs%2Fglobal-tech-spend-will-slow-to-4-7-in-2023%2F%3Futm_source%3Dbusinesswire%26utm_medium%3Dpr%26utm_campaign%3Dtech&amp;esheet=53298038&amp;newsitemid=20230202005161&amp;lan=en-US&amp;anchor=Global+Tech+Market+Forecast%2C+2022+To+2027&amp;index=2&amp;md5=4e9d00066a6668a919f2bcc5ef61dae4\">Global Tech Market Forecast, 2022 To 2027<\/a>, in 2023, global tech spend will grow 4.7% to reach $4.4 trillion. The Middle East and Africa (MEA) and Asia Pacific (APAC) will experience the fastest regional tech spend growth, despite macroeconomic challenges of slowing liquidity, tight labor markets, and geopolitical turmoil. By 2027, tech software and IT services will capture 66% of global tech spend \u2014 up from 60% pre-pandemic. A boost in cloud application and platform services will aid this growth. Forrester forecasts that the <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.forrester.com%2Fblogs%2Fannouncing-the-public-cloud-market-outlook-2022-to-2026%2F%3Futm_source%3Dbusinesswire%26utm_medium%3Dpr%26utm_campaign%3Dtech&amp;esheet=53298038&amp;newsitemid=20230202005161&amp;lan=en-US&amp;anchor=public+cloud+market&amp;index=3&amp;md5=26252339f04444eaff4de69a734cb376\">public cloud market<\/a> will reach $1 trillion by 2026, capturing nearly a quarter of global tech spend.\n<\/p>\n<p>\nDespite facing a difficult 2023, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.forrester.com%2Fpress-newsroom%2Fforrester-navigate-2023-downturn-research%2F%3Futm_source%3Dbusinesswire%26utm_medium%3Dpr%26utm_campaign%3Dtech&amp;esheet=53298038&amp;newsitemid=20230202005161&amp;lan=en-US&amp;anchor=tech+executives&amp;index=4&amp;md5=d9260a16f232997441715f30c542dc95\">tech executives<\/a> can accelerate their organizations\u2019 growth by both improving operational efficiency and investing in areas such as research and development, cybersecurity, and enterprise digital transformation. In 2023, Forrester projects regional tech spend growth to be:\n<\/p>\n<ul class=\"bwlistdisc\">\n<li><b>5.6% in the Middle East and Africa.<\/b> By 2025, Africa\u2019s internet economy could reach $180 billion, more than 5% of the continent\u2019s GDP, while the Saudi government plans to spend $25 billion on tech. As cloud adoption accelerates, Nigeria and South Africa will see the potential for fast R&amp;D investment growth over the next two years.\n<\/li>\n<\/ul>\n<ul class=\"bwlistdisc\">\n<li><b>5.4% in Asia Pacific. <\/b>China\u2019s tech spend is forecasted to see at least 7% annual growth rates from 2024 to 2027. Software and IT services investment is a high priority for large Japanese companies, while India\u2019s domestic tech spend grows by 9.6% in 2023. Longer term, R&amp;D investment will also encourage tech spend in the Asia Pacific region.\n<\/li>\n<\/ul>\n<ul class=\"bwlistdisc\">\n<li><b>5.1% in North America.<\/b> Interest rate hikes, high inflation, and low real GDP growth are dampening North America\u2019s tech spend outlook. In 2023, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.forrester.com%2Fblogs%2Fus-tech-spend-is-going-to-slow-to-5-4-in-2023%2F%3Futm_source%3Dbusinesswire%26utm_medium%3Dpr%26utm_campaign%3Dtech&amp;esheet=53298038&amp;newsitemid=20230202005161&amp;lan=en-US&amp;anchor=US+tech+spend+growth&amp;index=5&amp;md5=d0d3e8127a45a13044dfa22eb6af9e9b\">US tech spend growth<\/a> will be 5.4% \u2014 down from 7.4% the year prior. Yet North American tech purchases are expected to grow between 5.6% to 5.8% from 2024 to 2027 due to increased R&amp;D investments.\n<\/li>\n<\/ul>\n<ul class=\"bwlistdisc\">\n<li><b>3.6% in Europe. <\/b>High inflation and weak business confidence will persist in the region. Additionally, the UK, Italy, and Germany will all see unemployment rates rise as their economies fall into recession. Tech purchases are forecasted to grow, however, between 4.8% and 5.5% from 2024 to 2027, enabled by enterprise cloud adoption.\n<\/li>\n<\/ul>\n<p>\n\u201cDespite macroeconomic uncertainty, global tech spend will surpass more than $4 trillion in 2023, as technology remains crucial for businesses,\u201d said Michael O\u2019Grady, principal forecast analyst at Forrester. \u201cOver the next five years, we anticipate tech spend growth to increase even further globally. Factors including increased R&amp;D investment in the Middle East and Africa, Asia Pacific, and North America; companies in APAC investing more in software and IT services; and accelerated cloud adoption in MEA and Europe will all continue to drive tech spending.\u201d\n<\/p>\n<p><b>Resources:<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li>\nRead Forrester\u2019s <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.forrester.com%2Freport%2Fglobal-tech-market-forecast-2022-to-2027%2FRES178732%3Futm_source%3Dbusinesswire%26utm_medium%3Dpr%26utm_campaign%3Dtech&amp;esheet=53298038&amp;newsitemid=20230202005161&amp;lan=en-US&amp;anchor=Global+Tech+Market+Forecast%2C+2022+To+2027&amp;index=6&amp;md5=58459f47c40b15ed4f74ffadb209e434\">Global Tech Market Forecast, 2022 To 2027<\/a> report (client access required).\n<\/li>\n<li><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.forrester.com%2Fblogs%2Fglobal-tech-spend-will-slow-to-4-7-in-2023%2F%3Futm_source%3Dbusinesswire%26utm_medium%3Dpr%26utm_campaign%3Dtech&amp;esheet=53298038&amp;newsitemid=20230202005161&amp;lan=en-US&amp;anchor=Learn+more&amp;index=7&amp;md5=d23b29a144ef001f3e280e575fe3c6aa\">Learn more<\/a> about Forrester\u2019s forecast for global tech spend through 2027.\n<\/li>\n<li><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.forrester.com%2Fblogs%2Fsmart-tech-executives-will-position-their-company-for-the-coming-rebound%2F%3Futm_source%3Dbusinesswire%26utm_medium%3Dpr%26utm_campaign%3Dtech&amp;esheet=53298038&amp;newsitemid=20230202005161&amp;lan=en-US&amp;anchor=Learn+which&amp;index=8&amp;md5=6deb5fa133b080fbecde7f83a82dc114\">Learn which<\/a> actions tech executives can take to navigate the current economic downturn.\n<\/li>\n<li><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.forrester.com%2Fbold%2Fplanning-guide-2023-technology-executives%2F%3Futm_source%3Dbusinesswire%26utm_medium%3Dpr%26utm_campaign%3Dtech&amp;esheet=53298038&amp;newsitemid=20230202005161&amp;lan=en-US&amp;anchor=Explore&amp;index=9&amp;md5=ef705055f678712f6ab303b93f153d49\">Explore<\/a> Forrester\u2019s Planning Guide 2023: Technology Executives report.\n<\/li>\n<\/ul>\n<p><b>About Forrester<\/b><\/p>\n<p>\nForrester (Nasdaq: FORR) is one of the most influential research and advisory firms in the world. We help leaders across technology, customer experience, digital, marketing, sales, and product functions use customer obsession to accelerate growth. Through Forrester\u2019s proprietary research, consulting, and events, leaders from around the globe are empowered to be bold at work \u2014 to navigate change and put their customers at the center of their leadership, strategy, and operations. Our unique insights are grounded in annual surveys of more than 700,000 consumers, business leaders, and technology leaders worldwide; rigorous and objective research methodologies, including Forrester Wave\u2122 evaluations; 100 million real-time feedback votes; and the shared wisdom of our clients. To learn more, visit Forrester.com.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230202005161r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230202005161\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230202005161\/en\/<\/a><\/span><\/p>\n<p>\nIra Kantor<br \/>\n<br \/>Forrester Research<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:ikantor@forrester.com\">ikantor@forrester.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Massachusetts<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Professional Services Technology Data Analytics Software Consulting Internet<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230202005161\/en\/1703058\/3\/Forrester_black_RGB_narrow.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Forrester: Global Tech Spend Will Reach $4.4 Trillion In 2023 Despite A Turbulent Macroeconomic Environment Software and IT services, fueled by cloud, will capture nearly two-thirds of global tech spend by 2027 CAMBRIDGE, Mass.&#8211;(BUSINESS WIRE)&#8211; According to Forrester\u2019s (Nasdaq: FORR) Global Tech Market Forecast, 2022 To 2027, in 2023, global tech spend will grow 4.7% to reach $4.4 trillion. The Middle East and Africa (MEA) and Asia Pacific (APAC) will experience the fastest regional tech spend growth, despite macroeconomic challenges of slowing liquidity, tight labor markets, and geopolitical turmoil. By 2027, tech software and IT services will capture 66% of global tech spend \u2014 up from 60% pre-pandemic. A boost in cloud application and platform services will aid this growth. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/forrester-global-tech-spend-will-reach-4-4-trillion-in-2023-despite-a-turbulent-macroeconomic-environment\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Forrester: Global Tech Spend Will Reach $4.4 Trillion In 2023 Despite A Turbulent Macroeconomic Environment&#8221;<\/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-728235","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Forrester: Global Tech Spend Will Reach $4.4 Trillion In 2023 Despite A Turbulent Macroeconomic Environment - 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\/forrester-global-tech-spend-will-reach-4-4-trillion-in-2023-despite-a-turbulent-macroeconomic-environment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Forrester: Global Tech Spend Will Reach $4.4 Trillion In 2023 Despite A Turbulent Macroeconomic Environment - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Forrester: Global Tech Spend Will Reach $4.4 Trillion In 2023 Despite A Turbulent Macroeconomic Environment Software and IT services, fueled by cloud, will capture nearly two-thirds of global tech spend by 2027 CAMBRIDGE, Mass.&#8211;(BUSINESS WIRE)&#8211; According to Forrester\u2019s (Nasdaq: FORR) Global Tech Market Forecast, 2022 To 2027, in 2023, global tech spend will grow 4.7% to reach $4.4 trillion. The Middle East and Africa (MEA) and Asia Pacific (APAC) will experience the fastest regional tech spend growth, despite macroeconomic challenges of slowing liquidity, tight labor markets, and geopolitical turmoil. By 2027, tech software and IT services will capture 66% of global tech spend \u2014 up from 60% pre-pandemic. A boost in cloud application and platform services will aid this growth. &hellip; Continue reading &quot;Forrester: Global Tech Spend Will Reach $4.4 Trillion In 2023 Despite A Turbulent Macroeconomic Environment&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/forrester-global-tech-spend-will-reach-4-4-trillion-in-2023-despite-a-turbulent-macroeconomic-environment\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-02T14:06:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230202005161r1&amp;sid=flmnd&amp;distro=nx&amp;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=\"3 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\\\/forrester-global-tech-spend-will-reach-4-4-trillion-in-2023-despite-a-turbulent-macroeconomic-environment\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/forrester-global-tech-spend-will-reach-4-4-trillion-in-2023-despite-a-turbulent-macroeconomic-environment\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Forrester: Global Tech Spend Will Reach $4.4 Trillion In 2023 Despite A Turbulent Macroeconomic Environment\",\"datePublished\":\"2023-02-02T14:06:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/forrester-global-tech-spend-will-reach-4-4-trillion-in-2023-despite-a-turbulent-macroeconomic-environment\\\/\"},\"wordCount\":679,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/forrester-global-tech-spend-will-reach-4-4-trillion-in-2023-despite-a-turbulent-macroeconomic-environment\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20230202005161r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/forrester-global-tech-spend-will-reach-4-4-trillion-in-2023-despite-a-turbulent-macroeconomic-environment\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/forrester-global-tech-spend-will-reach-4-4-trillion-in-2023-despite-a-turbulent-macroeconomic-environment\\\/\",\"name\":\"Forrester: Global Tech Spend Will Reach $4.4 Trillion In 2023 Despite A Turbulent Macroeconomic Environment - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/forrester-global-tech-spend-will-reach-4-4-trillion-in-2023-despite-a-turbulent-macroeconomic-environment\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/forrester-global-tech-spend-will-reach-4-4-trillion-in-2023-despite-a-turbulent-macroeconomic-environment\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20230202005161r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"datePublished\":\"2023-02-02T14:06:25+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/forrester-global-tech-spend-will-reach-4-4-trillion-in-2023-despite-a-turbulent-macroeconomic-environment\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/forrester-global-tech-spend-will-reach-4-4-trillion-in-2023-despite-a-turbulent-macroeconomic-environment\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/forrester-global-tech-spend-will-reach-4-4-trillion-in-2023-despite-a-turbulent-macroeconomic-environment\\\/#primaryimage\",\"url\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20230202005161r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"contentUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20230202005161r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/forrester-global-tech-spend-will-reach-4-4-trillion-in-2023-despite-a-turbulent-macroeconomic-environment\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Forrester: Global Tech Spend Will Reach $4.4 Trillion In 2023 Despite A Turbulent Macroeconomic Environment\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\",\"name\":\"Market Newsdesk\",\"description\":\"Latest Business News in Real Time\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\",\"name\":\"Newsdesk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"caption\":\"Newsdesk\"},\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/author\\\/newsdesk\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Forrester: Global Tech Spend Will Reach $4.4 Trillion In 2023 Despite A Turbulent Macroeconomic Environment - 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\/forrester-global-tech-spend-will-reach-4-4-trillion-in-2023-despite-a-turbulent-macroeconomic-environment\/","og_locale":"en_US","og_type":"article","og_title":"Forrester: Global Tech Spend Will Reach $4.4 Trillion In 2023 Despite A Turbulent Macroeconomic Environment - Market Newsdesk","og_description":"Forrester: Global Tech Spend Will Reach $4.4 Trillion In 2023 Despite A Turbulent Macroeconomic Environment Software and IT services, fueled by cloud, will capture nearly two-thirds of global tech spend by 2027 CAMBRIDGE, Mass.&#8211;(BUSINESS WIRE)&#8211; According to Forrester\u2019s (Nasdaq: FORR) Global Tech Market Forecast, 2022 To 2027, in 2023, global tech spend will grow 4.7% to reach $4.4 trillion. The Middle East and Africa (MEA) and Asia Pacific (APAC) will experience the fastest regional tech spend growth, despite macroeconomic challenges of slowing liquidity, tight labor markets, and geopolitical turmoil. By 2027, tech software and IT services will capture 66% of global tech spend \u2014 up from 60% pre-pandemic. A boost in cloud application and platform services will aid this growth. &hellip; Continue reading \"Forrester: Global Tech Spend Will Reach $4.4 Trillion In 2023 Despite A Turbulent Macroeconomic Environment\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/forrester-global-tech-spend-will-reach-4-4-trillion-in-2023-despite-a-turbulent-macroeconomic-environment\/","og_site_name":"Market Newsdesk","article_published_time":"2023-02-02T14:06:25+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230202005161r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/forrester-global-tech-spend-will-reach-4-4-trillion-in-2023-despite-a-turbulent-macroeconomic-environment\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/forrester-global-tech-spend-will-reach-4-4-trillion-in-2023-despite-a-turbulent-macroeconomic-environment\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Forrester: Global Tech Spend Will Reach $4.4 Trillion In 2023 Despite A Turbulent Macroeconomic Environment","datePublished":"2023-02-02T14:06:25+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/forrester-global-tech-spend-will-reach-4-4-trillion-in-2023-despite-a-turbulent-macroeconomic-environment\/"},"wordCount":679,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/forrester-global-tech-spend-will-reach-4-4-trillion-in-2023-despite-a-turbulent-macroeconomic-environment\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230202005161r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/forrester-global-tech-spend-will-reach-4-4-trillion-in-2023-despite-a-turbulent-macroeconomic-environment\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/forrester-global-tech-spend-will-reach-4-4-trillion-in-2023-despite-a-turbulent-macroeconomic-environment\/","name":"Forrester: Global Tech Spend Will Reach $4.4 Trillion In 2023 Despite A Turbulent Macroeconomic Environment - Market Newsdesk","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/forrester-global-tech-spend-will-reach-4-4-trillion-in-2023-despite-a-turbulent-macroeconomic-environment\/#primaryimage"},"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/forrester-global-tech-spend-will-reach-4-4-trillion-in-2023-despite-a-turbulent-macroeconomic-environment\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230202005161r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","datePublished":"2023-02-02T14:06:25+00:00","author":{"@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"breadcrumb":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/forrester-global-tech-spend-will-reach-4-4-trillion-in-2023-despite-a-turbulent-macroeconomic-environment\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketnewsdesk.com\/index.php\/forrester-global-tech-spend-will-reach-4-4-trillion-in-2023-despite-a-turbulent-macroeconomic-environment\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/forrester-global-tech-spend-will-reach-4-4-trillion-in-2023-despite-a-turbulent-macroeconomic-environment\/#primaryimage","url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230202005161r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","contentUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230202005161r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en"},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/forrester-global-tech-spend-will-reach-4-4-trillion-in-2023-despite-a-turbulent-macroeconomic-environment\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketnewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"Forrester: Global Tech Spend Will Reach $4.4 Trillion In 2023 Despite A Turbulent Macroeconomic Environment"}]},{"@type":"WebSite","@id":"https:\/\/www.marketnewsdesk.com\/#website","url":"https:\/\/www.marketnewsdesk.com\/","name":"Market Newsdesk","description":"Latest Business News in Real Time","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketnewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979","name":"Newsdesk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","caption":"Newsdesk"},"url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/728235","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=728235"}],"version-history":[{"count":0,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/728235\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=728235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=728235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=728235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}