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IT spending to rise despite worsening economic climate

Gartner predicts huge jump in spending on the cloud but consumer IT to decline sharply

Public cloud services spending is expected to grow from $111 billion this year to $131 billion in 2023

IT spending in Europe, the Middle East and Africa (EMEA) is forecast to total $1.3 trillion next year, an increase of 3.7 per cent from 2022, according to a new forecast from Gartner.

Following a projected decline across all segments this year, enterprise software spending is on pace to rebound faster than the other segments with a forecasted 8.6 per cent increase in 2023, the research firm said.

Public cloud services spending is expected to grow ...