Global IT spending could reach $3.865 trillion in 2020, up 3.4% over 2019, according to newly released data from IT research firm Gartner. In comparison, 2019 saw just 0.5% growth over 2018 levels. Spending is expected to continue to climb into 2021, surpassing the $4 trillion mark with 3.7% growth.
Spending on hardware – including edge devices and data center hardware – will be deemphasized, while investments in software and services, including cloud, will see an increase, the firm predicts.
Thanks to Andy Patrizio (see source)