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IT spending to rise despite worsening economic conditions

New forecast suggests businesses will push ahead with digital transformation with big increases in spending on areas such as IT services

Expenditure on IT services in particular expected to grow by 11.3 per cent. Picture: Getty

Worldwide IT spending is projected to total $4.6 trillion in 2023, an increase of 5.1 per cent on this year as businesses push forward with digital transformation initiatives in response to economic turmoil, according to a new forecast from Gartner.

It predicts that almost all categories will see increased spending on outside devices with expenditure on IT services in particular expected to grow by 11.3 per cent. In addition, IT services spending is expected to ...