Published: 19 April 2022
Worldwide enterprise IT spending across all industry markets will increase by 7.4% in constant U.S. dollars during 2022, with an expected 7.2% constant currency five-year CAGR through 2026. This update features new exchange rates.
Through 2026, insurers will accelerate core modernization by replatforming, containerizing or replacing with packaged SaaS solutions.
By 2026, most government agencies’ new IT investments will be made in various “as a service” (XaaS) solutions, with central IT organizations playing a key role in performing enterprisewide duties around platforms and packaged capabilities.
Gartner projects insurance companies will spend over $292 billion on IT by 2026. Overall growth across insurance is driven by an increase in IT services and software spending at a compound annual growth rate (CAGR) of 8.4% and 11.0%, respectively. There will be a greater move
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Analysts:
Inna Agamirzian, Lisa Unden-Farboud, Rika Narisawa, Ted Chamberlin, Irma Fabular, Venecia Liu, Christian Hestermann, Kelly Calhoun Williams, Alexander Hoeppe, Ethan Cohen, Jeff Casey, James Ingham, Sandeep Unni, Seth Feder, Rajesh Narayan, Andrew Steadman, Sohard Aggarwal, Daniel Snyder, Simon Cushing
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