Gartner Research

Forecast Analysis: Enterprise IT Spending Across Vertical Industries, Worldwide

Published: 10 December 2019

ID: G00383683

Analyst(s): Neha Gupta , Jeff Casey , Venecia Liu , Seth Feder , Hanna Karki , Rajesh Narayan , Sandeep Unni , Rika Narisawa , Kenneth Brant , Anurag Gupta , Lisa Unden-Farboud , Irma Fabular , Grigory Betskov , Alexander Hoeppe

Summary

IT spend across vertical industries will grow by 4.7% in 2019 and by 4.3% in 2020 in constant U.S. dollars. The 2018 through 2023 CAGR will be 4.3% in constant U.S. dollars. In current U.S. dollars, IT spend will reach $3.94 trillion by 2023.

Table Of Contents
  • Forecast Assumptions
  • Market Impacts
  • Notable Changes

Forecast Data Summary

Forecast Model Summary

Influencing Factors and Assumptions

  • Influencing Factor: Vertical Technology Budgets
    • By 2023, the share of IT budgets in the retail industry on vertical-specific software (VSS)and IT services will increase to 6.1% and 44.5%, respectively, up from 5.1% and 42.1%, respectively, in 2018.
  • Influencing Factor: Value Chain
    • By 2023, engagement in ecosystems will become a prerequisite for the ability to deliver large-scale productive digital solutions for the manufacturing industry.

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