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Global IT costs to skyrocket to nearly $ 4 trillion this year
25.01.2021 [13:49],
Sergey Karasev

Gartner has published a fresh forecast for the global information technology (IT) market: according to analysts, this year the industry will show 6.2 percent growth, despite the ongoing pandemic and unstable economic environment.

At the end of last year, the volume of the global IT market in monetary terms amounted to approximately $ 3.69 trillion. The figure covers shipments of systems for data centers, deliveries of enterprise-class software and various equipment, as well as costs in the field of communication services and various IT services.

In 2021, the industry showed negative dynamics – minus 3.2% compared to 2021. However, growth is expected to recover this year, with total costs reaching nearly $ 4 trillion to $ 3.92 trillion.

Gartner believes that sales will increase across all key segments. For example, the demand for enterprise-class software will rise by 8.8%, and for various computing devices – by 8.0%. In the segment of IT services, an increase of 6.0% is forecasted, in the field of telecommunications services – by 4.5%. Data center systems to generate 6.2% more revenue than last year.

Further growth is expected in 2022 – by 4.6%. As a result, the market volume will reach $ 4.10 trillion.

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