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CIOs brace for higher memory costs in 2027 amid global IT spend hike

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Dive Brief

“As much as CIOs are worried about the cost of AI today, it’s not going to be this low again,” said John-David Lovelock, distinguished VP analyst at Gartner.

Published Oct. 21, 2026

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Dive Brief:

  • Global IT spending will grow 15%, reaching $7.35 trillion in 2027 as organizations funnel money into AI infrastructure and software in a bid to “industrialize AI deployment,” according to Gartner.
  • Spending on AI-optimized servers and infrastructure as a service, as well as AI software platforms, will continue to strengthen into next year. Hyperscaler, technology and service providers’ continued investments increasingly position infrastructure as “the foundational layer of the AI economy” and a strategic asset, the analyst firm said.
  • “Right now we have more capacity than we have demand,” John-David Lovelock, distinguished VP analyst at Gartner, told CIO Dive....

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