Gartner Research

Forecast Analysis: Enterprise IT Spending Across Vertical Industries, Worldwide

Published: 19 April 2022

Summary

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.

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Overview

Forecast Assumptions
  • 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.

Market Impacts
  • 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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