Gartner forecasts global IT spending to reach $6.37 tn in 2026, driven by AI infrastructure

https://cdn1.expresscomputer.in/wp-content/uploads/2020/05/08162917/investment.jpg

Worldwide IT spending is projected to grow 14.2% year on year to US$6.37 trillion in 2026, with investments in AI infrastructure, cloud services and software driving the market, according to Gartner.

The research firm forecasts data centre systems to be the fastest-growing IT segment, with spending expected to increase 62.5% to US$822 billion in 2026 from US$506 billion in 2025. Spending on infrastructure as a service (IaaS) is projected to grow 29.3% to US$287 billion, while software spending is expected to rise 15.5% to US$1.47 trillion.

Overall, Gartner estimates global IT spending will increase from US$5.58 trillion in 2025 to US$6.37 trillion in 2026.

The firm attributed the growth to accelerating investments in AI infrastructure, cloud platforms and AI-enabled software as enterprises and hyperscale cloud providers expand computing capacity to support AI workloads.

The forecast also indicates device spending will grow 9.8% to US$868 billion, IT services spending will rise...

Copyright of this story solely belongs to expresscomputer.in. To see the full text click HERE

Read more