IT distributor revenue fell 6.2% YoY to $20.6B in Q4 2023 (4Q23), marking the fifth consecutive quarter of decline. Enterprise spending on software, services and networking grew consistently, while consumer categories like personal computing, AV, imaging, electronics, peripherals and accessories surged in the pandemic but have since declined from their pandemic highs.
Read MoreWorldwide IT spending is projected to total $4.5 trillion in 2023, an increase of 2.4% from 2022, according to the latest forecast by Gartner, Inc. This is down from the previous quarter’s forecast of 5.1% growth. While inflation continues to erode consumer purchasing power and drive device spending down, overall enterprise IT spending is expected to remain strong.
Read MoreIDC predicts the first potential recession in the context of a ‘As-a-Service’ Technology Landscape.
Read MoreEnterprise Technology Research (ETR), a technology market research firm, released its latest Technology Spending Intentions Survey (TSIS). The TSIS shows cybersecurity leads as the highest IT priority and that tech hiring is at the highest levels ever reported in TSIS, and 64% of the workforce will embrace some form of remote work permanently.
Read MoreBy 2025, the carbon emissions of hyperscale cloud services will be a top three criterion in cloud purchase decisions, according to Gartner, Inc. As environmental, social and governance (ESG) priorities and reporting received growing levels of enterprise attention, more than 90% of organizations increased their investments in sustainability programs since the start of the pandemic compared to investments in 2017.
Read MoreWorldwide IT spending is projected to total $4.5 trillion in 2022, an increase of 5.1% from 2021, according to the latest forecast by Gartner, Inc.
Despite the potential impacts of the Omicron variant, economic recovery with high expectations for digital market prosperity will continue to boost technology investments. “2022 is the year that the future returns for the CIO,” said John-David Lovelock, distinguished research vice president at Gartner.
Read MoreAnalysts discuss the need to treat cybersecurity as a business decision at the Gartner Security & Risk Management Summit. Eighty-eight percent of Boards of Directors (BoDs) view cybersecurity as a business risk, as opposed to a technology risk. However, only 12% of BoDs have a dedicated board-level cybersecurity committee.
Read MoreA new IDC report provides an overview of Indian organizations’ skill development plans in the near future. This report provides insights into organizations' skill development goals, the importance of technology skills in digital transformation goals, the overall business impact arising from lack of skills, how organizations plan to acquire or develop critical skills within their businesses in the next six months.
Read MoreWorldwide IT spending is projected to total $3.9 trillion in 2021, an increase of 6.2% from 2020, according to the latest forecast by Gartner, Inc. Worldwide IT spending declined 3.2% in 2020 as CIOs prioritized spending on technology and services that were deemed “mission-critical” during the initial stages of the pandemic.
Read MoreGlobal spending on artificial intelligence (AI) is forecast to double over the next four years, growing from $50.1 billion in 2020 to more than $110 billion in 2024. According to the International Data Corporation (IDC), spending on AI systems will accelerate over the next several years as organizations deploy artificial intelligence as part of their digital transformation efforts.
Read MoreWorldwide IT spending is projected to total $3.9 trillion in 2020, an increase of 3.4% from 2019, according to the latest forecast by Gartner, Inc. Global IT spending is expected to cross into $4 trillion territory next year.
Read MoreWorldwide IT spending is projected to total $3.7 trillion in 2018, an increase of 6.2 percent from 2017, according to the latest forecast by Gartner, Inc.
Read MoreTotal IT spending by small and medium-size businesses (SMBs) will reach nearly $602 billion in 2018, an increase of 4.9 percent over 2017, International Data Corporation (IDC) forecasts.
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