According to the firm Gartner, global information technology spending is expected to jump 8.4% to $ 4.1 trillion in 2021 as industry leaders spend on the digital transformation of their businesses. The increase in IT spending will not come from traditional IT departments. Instead, business leaders will see IT as a cost as businesses expand.scan.
IT spending will pick up and exceed 2019 levels at varying rates by industry. For example, IT spending for retail and transportation won't exceed 2019 levels until around 2023, according to Gartner. IT spending by banks and financial services will exceed 2019 levels in 2021.
All categories of IT spending will increase, but it is the demand for devices that is growing.tra the strongest growth, followed by enterprise software. But each category will show solid growth in 2021, according to Gartner.
Optimizing costs is a priority
Overall, IT spending will be driven by digital transformation-related business plans that will be refined and completed in 2021. Cost optimization will remain a priority, but IT spending in 2021 will focus on business growth. revenues, says Gartner.
By region, Latin America 's IT spending will pick up in 2024 and China has already recovered. North America and Western Europe will see IT spending pick up at the end of 2021.