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Gartner Forecasts Worldwide IT Spending to Exceed $4 Trillion in 2022

Graham Turner

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IT spending 2022
Analysts discussed the outlook for the global IT market during symposia held last week.

Worldwide IT spending is projected to total $4.5 trillion in 2022, an increase of 5.5% from 2021, according to the latest forecast by Gartner, Inc.

Enterprise software is expected to have the highest growth in 2022 at 11.5%, driven by infrastructure software spending continuing to outpace application software spending.

Global spending growth on devices reached a peak in 2021 (15.1%) as remote work, telehealth and remote learning took hold, but Gartner expects 2022 will still show an uptick in enterprises that upgrade devices and/or invest in multiple devices to thrive in a hybrid work setting.

“Enterprises will increasingly build new technologies and software, rather than buy and implement them, leading to overall slower spending levels in 2022 compared to 2021,” said John-David Lovelock, Research Vice-president at Gartner.

“However, digital tech initiatives remain a top strategic business priority for companies as they continue to reinvent the future of work, focusing spending on making their infrastructure bulletproof and accommodating increasingly complex hybrid work for employees going into 2022.”

Gartner’s spending forecast also predicts increases in IT spending across data centre systems (5.8%), devices (2.3%), IT services (8.6%) and communication services (2.1%).


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Lovelock added: “What changed in 2020 and 2021 was not really the technology itself, but people’s willingness and eagerness to adopt it and use it in different ways.

“In 2022, CIOs need to reconfigure how work is done by embracing business composability and the technologies that accommodate asynchronous workflows.”

Spending on IT services increased by up to £3 trillion in 2021 as firms begin accelerating their digital transformation plans.

Spending in sectors such as banking and securities and insurance will closely resemble pre-pandemic levels, while Gartner forecasts that retail and transportation won’t see the same recovery until closer to 2023.


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Graham Turner

Sub Editor

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