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European ICT spending forecast to grow nearly 9% in 2025
- IT spending in Europe is trending up and is predicted to reach $1.28 trillion by 2025 marking a growth of 8.7% from 2024.
- The growth is driven by the investments in AI-related infrastructure development and cloud and security initiatives.
- IT spending is expected to hit $1.18 trillion by the end of 2024.
- CIOs in Europe will be investing heavily in public cloud end-user spending, which is estimated to reach $123 billion in 2024 and grow their security spending, projected to reach $47 billion in 2024.
- European businesses will significantly boost IT spending in 2025, aided by surging interest in generative AI solutions.
- Gartner forecast expectations show an increase of 8.7% of IT spending.
- Device Spending is a category expected to witness a significant uptick, with forecasts suggesting a 9.3% increase as organizations refresh their technology stacks.
- Spending on Data Center Systems will continue to see increased demand, particularly for AI-optimized servers.
- End-user spending on servers in Europe is estimated to grow 25% in 2024 due to increased demand for AI-optimized servers.
- All major IT categories are expected to yield growth rates due to businesses willingness to capitalize on digital transformation initiatives and emerging technologies.
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