In 2024, global IT spending rose 8.3%, with generative AI infrastructure and public cloud migration being critical factors. Major tech companies, including Microsoft and Alphabet, significantly increased capital spending—nearly 50% on data centers, boosting cloud revenue by over 20%. The semiconductor sector excelled with a 19% growth driven by AI demand. Projections for 2025 estimate a 9% rise in IT spending, fueled by ongoing shifts towards AI, digital transformation, and potential risks from U.S. trade policy changes, indicating a long-term optimistic outlook for the technology sector.
In 2025, global IT spending is projected to grow by 9%, driven by AI, digital transformation, and ongoing investments in cloud services and semiconductor technology.
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