The tech industry is gearing up for another year of robust expansion, with Global IT spending on track to reach $5.26 trillion by 2024.
The data emerges from the latest analysis conduct from Gartner, an authoritative research company in the technology sector, which predicts a 7.5% increase compared to the previous year. Despite the positive outlook, it is important to note that this projection represents a slight downward revision from previous estimates, which indicated growth of 8%.
IT Spending Set to Grow Worldwide in 2024
Gartner’s analysis offers an in-depth look at the different categories that make up IT spending. Among these, Data center systems and software emerge as the most dynamic sectorswith expected growth rates of 24.1% and 12.6%, respectively. Increases in these areas are largely attributable torise of artificial intelligence (AI)which is transforming the way companies operate and invest in technology.
The growing demand for computing power needed to support AI applications is pushing technology companies to significantly expand their data center infrastructure. Giants such as Amazon, Microsoft, and Oracle have already announced massive investments in new facilities in Europe and other parts of the world, signaling a trend that looks set to continue in the coming years and that, as we have already seen, can also lead to negative environmental outcomes.
At the same time, a Increased spending on AI-related software and services. More and more companies are investing in solutions such as intelligent chatbots and predictive analytics systems, relying on specialized providers such as OpenAI and Amazon to access these advanced technologies through their APIs. However, not all sectors show the same momentumCommunications services, for example, will see more modest growth, with a modest 3% expected for 2024.
As for the servizi ITGartner forecasts growth of 7.1% in 2024, slightly slower than previously projected, a slowdown attributable in part to lower spending in areas such as consulting and business process services, possibly impacted by global economic uncertainties. The devices market, after a 6.5% decline in 2023, is expected to return to growth in 2024 with an increase of 5.4%, probably thanks to the introduction of new technologies and the renewal of company device fleets.
The impact of AI on IT spending extends far beyond the traditional boundaries of the technology sector. Companies of all sizes and industries are incorporating AI-based solutions into their processes, contributing to overall spending growth. However, some analysts warn that this race to AI could be perceived as a kind of “technology tax,” which will become necessary to remain competitive.
Source: www.hwupgrade.it
