By Express press service

BENGALURU: Global economic uncertainty continues to be a concern for Indian businesses as IT spending in India is expected to grow by 7.7% to $114.9 billion from the growth rate of 21, 2% from the previous year, according to Gartner.

Global IT spending is expected to grow 3% to $4.5 trillion in 2022.

“Continued investment in large-scale data centers, coupled with rising average selling price (ASP), is expected to drive 13.6% revenue growth for data centers in 2022. Digitalization and application modernization will trigger a software refresh, including the continued adoption of SaaS,” said Naveen Mishra, Senior Director. analyst at Gartner.

In India, cloud services are the underlying driver of IT services growth of 10.3% in 2022. Software is expected to grow 16.1% in 2022 from 19.9% ​​the previous year.

“Consumer spending is tightening with high inflation coupled with supply constraints, leading to modest growth of 6.6% for devices in 2022,” Mishra added.

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While global IT spending is expected to increase in 2022, it will be at a much slower pace than in 2021 due to reduced spending on PCs, tablets and printers by consumers, resulting in a 5% drop in spending in devices.

Price hikes and delivery uncertainty, exacerbated by the Russian invasion of Ukraine, accelerated the shift in CIO purchasing preferences, pushing global cloud spending to 18.4% growth in 2021 and an expected growth of 22.1% in 2022, said Gartner.

Globally, spending on data center systems is expected to see the strongest growth of any segment in 2022, at 11.1%. Cloud consulting and implementation and managed cloud services are expected to grow 17.2% this year, from $217 billion in 2021 to $255 billion in 2022.

The IT labor market continues to tighten, making it difficult to attract and retain talent. Technology service providers raise IT prices to enable competitive salaries. This leads to increased spending on software and services through 2022 and 2023.

The critical IT skills shortage felt around the world is expected to ease by the end of 2023 when business drive to drive digital transformations slows and there has been time to upskill and reskill existing staff.

However, in the short term, CIOs will be forced to take steps to balance increasing IT demand and shrinking IT staff, Gartner added.

BENGALURU: Global economic uncertainty continues to be a concern for Indian businesses as IT spending in India is expected to grow by 7.7% to $114.9 billion from the growth rate of 21, 2% from the previous year, according to Gartner. Global IT spending is expected to grow by 3% to $4.5 trillion in 2022. “Continued investment in large-scale data centers, coupled with rising average selling price (ASP), is expected to drive 13.6% revenue growth for data centers in 2022. Digitization and modernization of applications will trigger software refresh, including continued adoption of SaaS,” said Naveen Mishra, principal analyst at Gartner India. , cloud services are the underlying driver of IT services growth of 10.3% in 2022. Software is expected to grow 16.1% in 2022, up from 19.9% ​​the previous year.” consumer spending is tightening with high inflation coupled with supply constraints, resulting in modest device growth of 6.6% in 2022,” Mishra added. its global IT is expected to grow in 2022, this will be at a much slower pace than in 2021 due to reduced spending on PCs, tablets and printers per consumption, resulting in a 5% decline in device spending. Price hikes and delivery uncertainty, exacerbated by the Russian invasion of Ukraine, accelerated the shift in CIO purchasing preferences, pushing global cloud spending to 18.4% growth in 2021 and an expected growth of 22.1% in 2022, said Gartner. Globally, spending on data center systems is expected to see the strongest growth of any segment in 2022, at 11.1%. Cloud consulting and implementation and managed cloud services are expected to grow 17.2% this year, from $217 billion in 2021 to $255 billion in 2022. The IT labor market continues to grow. tighten, making it difficult to attract and retain talent. Technology service providers raise IT prices to enable competitive salaries. This leads to increased spending on software and services through 2022 and 2023. The critical IT skills shortage felt around the world is expected to ease by the end of 2023 when business willingness to drive transformations will slow down and that there will have been time for the development and reskilling of existing staff. However, in the short term, CIOs will be forced to take steps to balance increasing IT demand and shrinking IT staff, Gartner added.