Investment in remote working, education, and business transformation are tipped as reasons for recovery.
Global IT spending is expected to reach $3.9 trillion this year due to COVID-19 acting as a catalyst for rapid business transformation. On Monday, Gartner released new estimates on worldwide IT spending, predicting that the sector will grow by 6.2% over the course of 2021, balancing out a decline of 3.2% last year due to the pandemic. According to the research agency, the enterprise focused on shoring up existing business operations last year and were forced to invest only in „mission-critical“ operations to survive, rather than expand or invest in new technologies. However, CIOs now have the opportunity to start to think beyond the demands of sudden remote working requirements and social distancing measures, and could now begin to expand their IT setups in favor of growth and recovery. Gartner predicts that every IT sector will return to growth during 2021.
