Published: 10 May 2023
Despite the “triple squeeze” of macroeconomic challenges, most retail CIOs have increased 2023 IT budgets to further advance unified retail commerce. Product leaders can use this research to align their offerings and go-to-market strategies to capitalize on the spending priorities of retail CIOs.
Retail respondents of the 2023 Gartner CIO and Technology Executive Survey expect IT budgets to increase by 7.4% on average, with cybersecurity, business intelligence (BI)/data analytics and application modernization signaling top opportunities for product leader solution alignment.
Product leaders who can demonstrate their expertise in harnessing the combinatorial power of cloud, AI and edge computing will be in prime position to secure retailer investment in 2023.
Retailers overwhelmingly expect physical retailing to continue to dominate for the foreseeable future, and are increasing spend across a variety of store-related investments, calling for differentiated vendor solutions in this area.
As product leaders
Clients can log in to view the entire document.
Analysts:
Gartner research, which includes in-depth proprietary studies, peer and industry best practices, trend analysis and quantitative modeling, enables us to offer innovative approaches that can help you drive stronger, more sustainable business performance.
Our independence as a research firm enables our experts to provide unbiased advice you can trust.
Not only is Gartner research unbiased, it also contains key take-aways and recommendations for impactful next steps.
Our research practices and procedures distill large volumes of data into clear, precise recommendations.
We provide actionable, objective insight to help organizations make smarter, faster decisions to stay ahead of disruption and accelerate growth.
We offer one-on-one guidance tailored to your mission-critical priorities.
We work with you to select the best-fit providers and tools, so you avoid the costly repercussions of a poor decision.
Connect directly with peers to discuss common issues and initiatives and accelerate, validate and solidify your strategy.
Gartner clients can log in to access the full library.
Join the world’s leading IT and business leaders to get an update on accelerating tech growth in a new era of transformation and technology trends.
©2022 Gartner, Inc. and/or its affiliates. All rights reserved. Gartner is a registered trademark of Gartner, Inc. and its affiliates. This publication may not be reproduced or distributed in any form without Gartner’s prior written permission. It consists of the opinions of Gartner’s research organization, which should not be construed as statements of fact. While the information contained in this publication has been obtained from sources believed to be reliable, Gartner disclaims all warranties as to the accuracy, completeness or adequacy of such information. Although Gartner research may address legal and financial issues, Gartner does not provide legal or investment advice and its research should not be construed or used as such. Your access and use of this publication are governed by Gartner’s Usage Policy. Gartner prides itself on its reputation for independence and objectivity. Its research is produced independently by its research organization without input or influence from any third party. For further information, see Guiding Principles on Independence and Objectivity.
