IT spending to hit record high in 2022 as industries look to the future

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Allison Murray

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Allison Murray, Staff Writer

Allison Murray

Allison Murray
Staff Writer

Allison Murray is a writer based in Chicago

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on January 18, 2022

| Topic: IT Priorities

IT spending is predicted to exceed pre-pandemic levels by growing 5.1% this year, reaching a total of $4.5 trillion, according to a new report. 

A new forecast published on Tuesday from analyst firm Gartner details how worldwide spending on IT services will grow in 2022. In particular, Gartner forecasts that the enterprise software segment — which includes the cloud market — will grow the most in IT spending at 11% year-over-year. 

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