Gartner Research

Forecast: Enterprise IT Spending for the Communications, Media and Services Markets, Worldwide, 2018-2024, 4Q20 Update

Published: 27 January 2021

ID: G00725238

Analyst(s): Ted Chamberlin , Inna Agamirzian , Gregor Petri , Rika Narisawa , Grigory Betskov


Total enterprise IT spending in the communications, media and services market is forecast to reach $566 billion in 2020 in constant U.S. dollars, down from $585 billion in 2019. Spending is expected to see a five-year compound annual growth rate of 4% to reach an estimated $712 billion by 2024.

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