The investment in IT worldwide will arrive in 2022 to the 4.4 billion dollars, 4% more than what was invested in total in 2021, according to the data considered by the consultant Gartner. All despite the fact that there are numerous factors that are attracting the attention of business leaders, from geopolitical issues to inflation, passing through the challenges, both past, current and future, that the supply chain poses. Despite everything, investment in technology does not seem to slow down.
In fact, CIOs are accelerating investments in various technology areas. These include security, customer experience, analytics, and the cloud. This is because they recognize the importance of these areas for companies to have flexibility and agility when responding to certain events.
On the other hand, inflation, which had already occurred and seen in everything related to hardware in IT, such as that registered by mobile devices, tablets and PCs, is now passing to software and services. This is contributing to the growth of IT investment in these segments, which will continue in 2020 and 2023. More specifically, software spending growth in 2022 is forecast to be 9.8% in 2022, to 674.9 billion of dollars. As for what will be registered in IT services, it will be 6.8%, up to 1.3 billion dollars.
The rise of enterprise application software, infrastructure software, and managed services in the short and long term shows that the trend to digital transformation is not a trend for just one or two years. Rather it is something systemic and long term. For example, infrastructure as a service is behind all major online offerings and consumer-centric mobile applications, capturing a significant share of the nearly 10% increase in software investment by 2022.
Gartner expects that initiatives related to the digital enterprise, such as end-user experience and supply chain optimization, will drive the investment in business applications and software infrastructure above 10% in 2023.
As for the Russian invasion of Ukraine, it is not expected to have a direct impact on IT investment globally. Price and salary inflation, as well as talent shortages and other uncertainties related to transportation, are expected to have more bearing on CIOs’ plans for 2022.
So for now, companies aren’t worried about having the financial and organizational capacity to continue investing in key technologies this year and next. As for some initial brakes produced in early 2022 by the Omicron variant of COVID, hopefully these will go away in the short term. Only the most fragile companies will be forced to take a cost-cutting approach.
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