Gartner Research

Forecast: Enterprise IT Spending for the Retail Market, Worldwide, 2018-2024, 2Q20 Update

Published: 16 July 2020

ID: G00732092

Analyst(s): Sandeep Unni , Rika Narisawa , Inna Agamirzian , Gregor Petri


Gartner forecasts global IT spending in the retail market to decline by 11.5% in 2020 to reach $204.9 billion in constant U.S. dollars, down from $231.5 billion in 2019. Spending is expected to rebound to a 3.9% CAGR to reach an estimated $279.9 billion by 2024.

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