A naukri.com initiative
Silicon
2w
78
Image Credit: Silicon
Worldwide IT Spending To Grow 9.3 Percent In 2025, Gartner Predicts
- Gartner has predicted an increase of 9.3% in the worldwide IT spending in 2025 as CIOs begin investing in generative AI (GenAI).
- However, Gartner also warns that the reality of what can be achieved with current GenAI models is not meeting today’s high expectations, as the state of CIOs data Corinne the progress.
- According to the forecast, server sales will increase substantially led by spending on GenAI with data centre spending growing by nearly 35% in 2024, set to reach up to $367bn by 2025.
- GenAI is one of the big drivers of growth, and IT spending should cross the $7tn threshold in 2028.
- GenAI’s impact on IT spending is expected to eclipse those of cloud and outsourcing vendors, with GenAI demand expected to almost triple server sales from 2023 to 2028.
- Gartner predicts that the overall spending on device spending will rise by 9.5% to $805bn, while communication services will increase by 4.4% to $1.6tn in 2025.
- Software spending is also set to increase 14% in 2025, up from 11.7% growth in 2024, while IT services are expected to grow 9.4% in 2025, up from 5.6% in 2024.
- CIOs are becoming more realistic in what GenAI can accomplish, shifting from ‘text to text’ to ‘text to action’ in business use of GenAI, says a VP Strategy at WalkMe.
- Companies providing the tools to assist with AI or bring AI projects to fruition will benefit from the growth in GenAI investment as the demand for GenAI is expected to triple server sales by 2028.
- Gartner highlights that despite the age and consolidation of email providers, IT spending will continue to add $6.6bn to global spending in 2024 and $7.4bn by 2025 due in part to GenAI products and services.
Read Full Article
4 Likes
For uninterrupted reading, download the app