Global IT spending is projected to rise to $5.61 trillion in 2025, reflecting a 9.8% increase from 2024. However, much of this growth may be erased by price increases that affect all budget categories. Gartner analyst John-David Lovelock pointed out that while CIO budgets are increasing, real spending will be skewed by these price hikes. Spending is expected to grow significantly in areas like data center systems and devices, although generative AI is showing a trend towards disillusionment among CIOs, affecting expectations.
Worldwide IT spending is expected to surge, but much of this growth will be consumed by price increases, leading to skewed nominal versus real spending.
CIOs are scaling back budget expectations due to unexpected price hikes across all major IT categories, despite increasing overall budgets.
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