{"id":13199,"date":"2021-07-15T07:39:46","date_gmt":"2021-07-15T07:39:46","guid":{"rendered":"https:\/\/cryptounplugged.ai\/blog\/?p=13199"},"modified":"2021-07-15T07:39:51","modified_gmt":"2021-07-15T07:39:51","slug":"gartner-forecasts-worldwide-it-spending-to-grow-9-in-2021","status":"publish","type":"post","link":"https:\/\/cryptounplugged.ai\/blog\/gartner-forecasts-worldwide-it-spending-to-grow-9-in-2021\/","title":{"rendered":"Gartner Forecasts Worldwide IT Spending To Grow 9% In 2021"},"content":{"rendered":"\n

Worldwide IT spending is projected to total $4.2 trillion in 2021, an increase of 8.6% from 2020, according to the latest forecast by Gartner, Inc. \u00a0<\/p>\n\n\n\n

\u201cTechnology spending is entering a new build budget phase,\u201d\u00a0said\u00a0John-David Lovelock<\/a>, distinguished\u00a0research vice president at Gartner. \u201cCIOs are looking for partners who can think past the digital sprints of 2020 and be more intentional in their digital transformation efforts in 2021. This means building\u00a0technologies and services<\/a>\u00a0that don\u2019t yet exist, and further differentiating their organization in an already crowded market.\u201d<\/p>\n\n\n\n

As many companies still suffer revenue declines, IT spending is accelerating ahead of revenue expectations. Boards and\u00a0CEOs<\/a>\u00a0are much more willing to invest in technology that has a clear tie to business outcomes, and less so for everything else. For example, the IT services segment is among the top three highest growth areas for 2021 primarily due to a boost in\u00a0infrastructure-as-a-service<\/a>\u00a0spending\u00a0that supports mission critical workloads and avoids high on-premises costs. The IT services segment is forecast to total $1.2 trillion in 2021, an increase of 9.8% from 2020 (see Table1).<\/p>\n\n\n\n

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

\u00a0<\/td>2020 Spending<\/strong><\/td>2020 Growth (%)\u00a0\u00a0<\/strong><\/td>2021 Spending<\/strong><\/td>2021 Growth (%)\u00a0\u00a0<\/strong><\/td>2022 Spending<\/strong><\/td>2022 Growth (%)\u00a0\u00a0<\/strong><\/td><\/tr>
Data Center Systems<\/td>178,466<\/td>2.5<\/td>191,648<\/td>7.4<\/td>201,659<\/td>5.2<\/td><\/tr>
Enterprise Software<\/td>529,028<\/td>9.1<\/td>598,957<\/td>13.2<\/td>669,114<\/td>11.7<\/td><\/tr>
Devices<\/td>696,990<\/td>-1.5<\/td>793,973<\/td>13.9<\/td>800,172<\/td>0.8<\/td><\/tr>
IT Services<\/td>1,071,281<\/td>1.7<\/td>1,176,676<\/td>9.8<\/td>1,277,228<\/td>8.5<\/td><\/tr>
Communications Services<\/td>1,396,287<\/td>-1.4<\/td>1,444,980<\/td>3.5<\/td>1,481,878<\/td>2.6<\/td><\/tr>
Overall IT<\/strong><\/td>3,872,052<\/strong><\/td>0.9<\/strong><\/td>4,206,234<\/strong><\/td>8.6<\/strong><\/td>4,430,051<\/strong><\/td>5.3<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Source: Gartner (July 2021)<\/p>\n\n\n\n

Table.2 MENA IT Spending Forecast (in Constant Currency)<\/strong><\/p>\n\n\n\n

\u00a0<\/td>Year<\/strong><\/td><\/tr>
Segment<\/strong><\/td>Data<\/strong><\/td>2019 YR<\/strong><\/td>2020 YR<\/strong><\/td>2021 YR<\/strong><\/td>2022 YR<\/strong><\/td><\/tr>
Communication Services<\/td>Sum of EUS US$Growth in CC<\/td>110,307<\/td>109,6421.0%<\/td>110,5681.9%<\/td>113,1523.2%<\/td><\/tr>
Data Center Systems<\/td>Sum of EUS US$Growth in CC<\/td>3,051<\/td>3,1425.4%<\/td>3,2525.2%<\/td>3,3093.9%<\/td><\/tr>
Devices<\/td>Sum of EUS US$Growth in CC<\/td>28,470<\/td>26,870-2.4%<\/td>28,3988.3%<\/td>28,2781.5%<\/td><\/tr>
IT Services<\/td>Sum of EUS US$Growth in CC<\/td>13,327<\/td>13,5551.7%<\/td>14,8819.1%<\/td>16,22210.3%<\/td><\/tr>
Software<\/td>Sum of EUS US$Growth in CC<\/td>7,178<\/td>8,06914.1%<\/td>8,91311.1%<\/td>9,74711.7%<\/td><\/tr>
Total Sum of EUS US$<\/strong><\/td>162,333<\/strong><\/td>161,278<\/strong><\/td>166,013<\/strong><\/td>170,708<\/strong><\/td><\/tr>
Total Growth in CC<\/strong><\/td>\u00a0<\/td>1.2%<\/strong><\/td>4.1%<\/strong><\/td>4.0%<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Source: Gartner (July 2021)<\/p>\n\n\n\n

\u201cDigital transformation can no longer be purchased overnight, and global IT spending projections reflect that,\u201d said Lovelock. \u201cAs the world continues to open back up, enterprises will invest in tools that support innovation,\u00a0anywhere operations<\/a>\u00a0and employee productivity and trust.\u201d<\/p>\n\n\n\n

Learn to make faster, smarter decisions \u2014 and generate stronger performance \u2013 by reinventing where, when and how work is done in the\u00a0Gartner Future of Work Resource Center<\/a>.\u00a0<\/p>\n\n\n\n

Additional details are also available in the complimentary Gartner webinar\u00a0\u201cThe Gartner IT Spending Forecast, 2Q21 Update: Build Budgets Taking Off.\u201d<\/a><\/p>\n\n\n\n

Gartner\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.<\/p>\n\n\n\n

The 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\u00a0\u201cGartner Market Databook, 2Q21 Update.<\/a>\u201d\u00a0This quarterly IT spending forecast page includes links to the latest IT spending reports, webinars, blog posts and press releases.<\/p>\n\n\n\n

Additional analysis on how CIOs respond to adversity and discover digital business strategic planning tools and techniques to achieve business continuity will be presented during\u00a0Gartner IT Symposium\/Xpo 2021<\/a>,\u00a0the world\u2019s most important conferences for CIOs and other IT executives. IT executives rely on these conferences to gain insight into how their organizations can use IT to overcome business challenges and improve operational efficiency. Follow news and updates from the conferences on Twitter\u00a0using\u00a0#GartnerSYM<\/a>.<\/p>\n\n\n\n

Upcoming dates and locations for Gartner IT Symposium\/Xpo include:<\/p>\n\n\n\n

October 18-21 | Orlando, Florida<\/a><\/p>\n\n\n\n

October 25-27 | Sydney, Australia<\/a><\/p>\n\n\n\n

November 8-11 | Barcelona, Spain<\/a><\/p>\n\n\n\n

November 16-18 | Tokyo, Japan<\/a><\/p>\n\n\n\n

November 30-December 2 | Kochi, India<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Worldwide IT spending is projected to total $4.2 trillion in 2021, an increase of 8.6% from 2020, according to the latest forecast by Gartner, Inc. \u00a0 \u201cTechnology spending is entering a new build budget phase,\u201d\u00a0said\u00a0John-David Lovelock, distinguished\u00a0research vice president at Gartner. \u201cCIOs are looking for partners who can think past the digital sprints of 2020 […]<\/p>\n","protected":false},"author":1,"featured_media":13201,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-13199","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"rttpg_featured_image_url":{"full":["https:\/\/cryptounplugged.ai\/blog\/wp-content\/uploads\/2021\/07\/John-David-Lovelock.jpg",849,1270,false],"landscape":["https:\/\/cryptounplugged.ai\/blog\/wp-content\/uploads\/2021\/07\/John-David-Lovelock.jpg",849,1270,false],"portraits":["https:\/\/cryptounplugged.ai\/blog\/wp-content\/uploads\/2021\/07\/John-David-Lovelock.jpg",849,1270,false],"thumbnail":["https:\/\/cryptounplugged.ai\/blog\/wp-content\/uploads\/2021\/07\/John-David-Lovelock-150x150.jpg",150,150,true],"medium":["https:\/\/cryptounplugged.ai\/blog\/wp-content\/uploads\/2021\/07\/John-David-Lovelock-201x300.jpg",201,300,true],"large":["https:\/\/cryptounplugged.ai\/blog\/wp-content\/uploads\/2021\/07\/John-David-Lovelock-685x1024.jpg",685,1024,true],"1536x1536":["https:\/\/cryptounplugged.ai\/blog\/wp-content\/uploads\/2021\/07\/John-David-Lovelock.jpg",849,1270,false],"2048x2048":["https:\/\/cryptounplugged.ai\/blog\/wp-content\/uploads\/2021\/07\/John-David-Lovelock.jpg",849,1270,false],"post-thumbnail":["https:\/\/cryptounplugged.ai\/blog\/wp-content\/uploads\/2021\/07\/John-David-Lovelock.jpg",281,420,false],"graptor-sq-xs":["https:\/\/cryptounplugged.ai\/blog\/wp-content\/uploads\/2021\/07\/John-David-Lovelock.jpg",67,100,false]},"rttpg_author":{"display_name":"admin","author_link":"https:\/\/cryptounplugged.ai\/blog\/author\/admin\/"},"rttpg_comment":0,"rttpg_category":"Uncategorized<\/a>","rttpg_excerpt":"Worldwide IT spending is projected to total $4.2 trillion in 2021, an increase of 8.6% from 2020, according to the latest forecast by Gartner, Inc. \u00a0 \u201cTechnology spending is entering a new build budget phase,\u201d\u00a0said\u00a0John-David Lovelock, distinguished\u00a0research vice president at Gartner. \u201cCIOs are looking for partners who can think past the digital sprints of 2020…","_links":{"self":[{"href":"https:\/\/cryptounplugged.ai\/blog\/wp-json\/wp\/v2\/posts\/13199","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptounplugged.ai\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptounplugged.ai\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptounplugged.ai\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptounplugged.ai\/blog\/wp-json\/wp\/v2\/comments?post=13199"}],"version-history":[{"count":1,"href":"https:\/\/cryptounplugged.ai\/blog\/wp-json\/wp\/v2\/posts\/13199\/revisions"}],"predecessor-version":[{"id":13202,"href":"https:\/\/cryptounplugged.ai\/blog\/wp-json\/wp\/v2\/posts\/13199\/revisions\/13202"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptounplugged.ai\/blog\/wp-json\/wp\/v2\/media\/13201"}],"wp:attachment":[{"href":"https:\/\/cryptounplugged.ai\/blog\/wp-json\/wp\/v2\/media?parent=13199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptounplugged.ai\/blog\/wp-json\/wp\/v2\/categories?post=13199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptounplugged.ai\/blog\/wp-json\/wp\/v2\/tags?post=13199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}