Gartner: AI demand pushes 2026 IT spending to $6.31T
Worldwide IT spending is projected to hit $6.31 trillion in 2026, up 13.5% from 2025, according to Gartner, a business and technology insights company, as demand for artificial intelligence (AI)…
Weakening economy prompts IDC to lower forecast on IT spending
Citing the weakening economy, the International Data Corp. (IDC) has reduced its IT spending forecast for 2023. As a result, the marketing intelligence company projects an overall growth this year…
COVID-19 forces one of biggest surges in tech investment in history, survey finds
The 2020 Harvey Nash/KPMG CIO Survey reveals that companies spent the equivalent of around $15 billion extra a week on technology during the COVID-19 pandemic. This is mainly due to…
IDC: Drop in IT spending in nearly every industry in 2020 due to COVID-19
International Data Corp. (IDC) currently forecasts worldwide IT spending to decline 2.7% this year due to the economic impact of the COVID-19 pandemic. While every industry will be affected by…
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