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IT Spending 2020: Biggest Increase for Enterprise Software

By Dick Weisinger

Global IT spending is expected to overall increase by 3.4 percent this year to $3.9 trillion. In 2021, spending is expected to be more than $4 trillion.

Gartner: Global IT Spending in 2020

John-David Lovelock, research vice president at Gartner, said that “we introduced the ‘and’ dilemma where enterprises are challenged with cutting costs and investing for growth simultaneously. Maturing cloud environments is an example of how this dilemma is alleviated: Organizations can expect a greater return on their cloud investments through cost savings, improved agility and innovation, and better security. This spending trend isn’t going away anytime soon.”

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