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Trends and Predictions, Technology Staff Reports Trends and Predictions, Technology Staff Reports

IT Distribution Revenues Remained Under Pressure In Q4 2023, According to IDC - February 22, 2024

IT distributor revenue fell 6.2% YoY to $20.6B in Q4 2023 (4Q23), marking the fifth consecutive quarter of decline. Enterprise spending on software, services and networking grew consistently, while consumer categories like personal computing, AV, imaging, electronics, peripherals and accessories surged in the pandemic but have since declined from their pandemic highs.

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Gartner Forecasts Worldwide IT Spending to Grow 2.4% in 2023

Worldwide IT spending is projected to total $4.5 trillion in 2023, an increase of 2.4% from 2022, according to the latest forecast by Gartner, Inc. This is down from the previous quarter’s forecast of 5.1% growth. While inflation continues to erode consumer purchasing power and drive device spending down, overall enterprise IT spending is expected to remain strong.

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ETR Technology Survey Cites Cybersecurity as Highest Priority for IT Spending

Enterprise Technology Research (ETR), a technology market research firm, released its latest Technology Spending Intentions Survey (TSIS). The TSIS shows cybersecurity leads as the highest IT priority and that tech hiring is at the highest levels ever reported in TSIS, and 64% of the workforce will embrace some form of remote work permanently.

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Gartner Predicts Hyperscalers’ Carbon Emissions Will Drive Cloud Purchase Decisions by 2025

By 2025, the carbon emissions of hyperscale cloud services will be a top three criterion in cloud purchase decisions, according to Gartner, Inc. As environmental, social and governance (ESG) priorities and reporting received growing levels of enterprise attention, more than 90% of organizations increased their investments in sustainability programs since the start of the pandemic compared to investments in 2017.

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Worldwide IT Spending Expected to Grow 5.1% in 2022, Says Gartner

Worldwide IT spending is projected to total $4.5 trillion in 2022, an increase of 5.1% from 2021, according to the latest forecast by Gartner, Inc.

Despite the potential impacts of the Omicron variant, economic recovery with high expectations for digital market prosperity will continue to boost technology investments. “2022 is the year that the future returns for the CIO,” said John-David Lovelock, distinguished research vice president at Gartner.

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AI/ML to be The Most Critical Technology Skill that Indian Organizations Plan to Acquire in the Next Six Months, Finds IDC

A new IDC report provides an overview of Indian organizations’ skill development plans in the near future. This report provides insights into organizations' skill development goals, the importance of technology skills in digital transformation goals, the overall business impact arising from lack of skills, how organizations plan to acquire or develop critical skills within their businesses in the next six months.

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Worldwide Spending on Artificial Intelligence Is Expected to Double in Four Years, Reaching $110 Billion in 2024, According to New IDC Spending Guide

Global spending on artificial intelligence (AI) is forecast to double over the next four years, growing from $50.1 billion in 2020 to more than $110 billion in 2024. According to the International Data Corporation (IDC), spending on AI systems will accelerate over the next several years as organizations deploy artificial intelligence as part of their digital transformation efforts.

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