New research from Gartner shows that IT spending in EMEA is set to see a 3.7%, year- over-year increase in 2023, rising to $1.3 trillion.
While companies are often hesitant to sign new contracts or commit to long-term spending initiatives during turbulent times, enterprise IT budgets are not central to this hesitancy, and as a result, businesses in EMEA (Europe, Middle East and Africa) are set to increase their IT budgets in 2023, said Gartner analyst and vice president John Lovelock.
In research released Wednesday at the company’s IT Symposium 2022 in Barcelona, Gartner found that increased spending on cloud software is largely fuelling the spending growth, with EMEA CIOs using cloud-first technologies to drive new initiatives, such as packaged business capabilities (PBCs) and data grids, while maintaining current on-premises environments.
