While Gartner is predicting continued increases in IT investments despite an anticipated economic slowdown, technology provider CDW is expecting a U.S. IT market decline at a high single-digit rate this year and has reportedly laid off a large number of employees as a cost-cutting measure. Last week, the company reported first quarter results that were […]
IT spending is now expected to grow 5.5% to hit $4.6 trillion in 2023 despite global economic uncertainties as organizations place more value on their digital transformations, according to analyst firm Gartner. The Stamford, Conn.-based firm’s newest IT spending forecast report suggests that IT leaders are looking to optimize spending and using emerging technologies to […]
Despite strong enterprise IT spending, inflation is harshly impacting technology budgets and has led analyst firm Gartner to reduce its global IT spending forecast for 2023 from 5.1% growth to just 2.4% growth. Consumer purchasing power is taking the biggest hit, but overall IT spending is expected to remain strong as those two groups face […]
The pressure is on CIOs and IT leaders to get more value from their technology investments faster as they face economic pressures, ongoing supply chain issues and an IT talent gap, according to a new Gartner survey. The analyst firm’s survey of global CIOs and technology executives finds that IT budgets are expected to increase […]
Based on the strong demand for enterprise software and technology services, global IT spending is expected to grow more than 5% to $4.5 trillion, according to research firm Gartner. The firm forecasts enterprise software to grow at a 11.0% clip in 2022 and 11.9% in 2023, good for the most growth of any segment over […]
Global spending on IT is expected to rapidly increase this year and hit $4.2 trillion, an increase of nearly 9% as organizations look for technology that can help them grow, according to a new report from Gartner. Many organizations are still recovering from the pandemic, and many are willing to spend heavily on IT that […]
Ultimately, there’s nothing we could say here which would be more valuable to IT budget planning and allocation than this: you need to have a strategic plan. Any allocations you make in a budget ultimately need to serve the business or organization’s master plan, so a budget is essentially useless without that starting point. But where else […]
Too often, technology managers and IT directors spend tech budget disproportionately on more visually commanding items such as big video displays while ignoring all-important meeting room audio.