... Access Insights Already a Gartner client? Software revenue from ERP with generative AI will grow from $700 million in 2024 to $5 billion by 2028, driven by new GenAI capabilities in software. Adoption will, however, be subject to long upgrade cycles and cautious end users. Overview Forecast Data Summary ...
Analyst(s): Chris Pang | Anand Chouksey | Amarendra .
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... Access Insights Already a Gartner client? GenAI is adding new heights to the Peak of Inflated Expectations, but AI is not having a commensurate impact on near-term IT spending. In 2023 and 2024, IT spending is driven by more traditional forces: profitability, labor and a wave of change fatigue. Overvie ...
... Access Insights Already a Gartner client? AI and generative AI will have a profound impact on IT, but, not a commensurate impact on near-term IT spending. In 2023 and 2024, IT spending is driven by more traditional forces: profitability, labor and a wave of change fatigue. Overview Analysis Gartner Recom ...
... Access Insights Already a Gartner client? The banking crisis of early 2023 won’t have long-lasting effects on IT spending. Slowing inflation rates and economic growth are expected in 2023, but IT spending growth remains strong as currency headwinds turn into currency tailwinds pushing the 5% constant ...
... New U.S. federal policy changes will reshape government IT spending, impacting technology and service providers. Risks include labor contracts, mobile devices and consulting. Opportunities lie in tech modernization and AI. Efficiency and cost reduction will drive shifts, affecting growth strategies. ...
... Access Insights Already a Gartner client? HCM software spending will increase rapidly through 2028, driven by investments of HR technology leaders to modernize legacy software and talent management processes. This will lead to HCM software spending exceeding $51 billion in 2028 at a five-year CAGR of ...
... Access Insights Already a Gartner client? Global IT spending will reach $5.1 trillion in 2024 and $7.1 trillion in 2028. 2024 growth is projected to be 7.6% in constant currency, a small increase from the 7.0% we projected in 4Q23. The upward revision of 0.6 percentage point is rooted in the dual effe ...
... Access Insights Already a Gartner client? Reactions to inflation are split — consumers are deferring IT spending on devices, while enterprises are adding efficiency requirements to digital transformation projects. Currency headwinds have pushed overall IT spending growth in 2022 down to negative 0.2% ...
... Access Insights Already a Gartner client? Enterprise print spending is forecast at $118B in current U.S. dollars in 2023, with a year-over-year decline of 2.0% in constant currency. Total spending is expected to contract to $105B in current U.S. dollars by 2026, reflecting a five-year CAGR decline of ...