Tech budgets in 2022: Everything you need to know

According to Gartner’s latest analysis, worldwide IT spending will total $4.2 trillion in 2021 (8.6% up on 2020), rising to $4.4 trillion in 2022 (5.3% up on 2021). Commenting on the forecast, research vice-president John-David Lovelock highlighted a new ‘build’ phase for IT budgets, in which “CIOs are looking for partners who can think past the digital sprints of 2020 and be more intentional in their digital transformation efforts in 2021. This means building technologies and services that don’t yet exist, and further differentiating their organization in an already crowded market.”

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