After a bit of a rough year, things are starting to look up: Gartner predicts that IT spending will bounce back to a healthy growth rate of 3.7% in 2020 — largely due to enterprise software spending.
John-David Lovelock, research vice president at Gartner, said: “The slowdown in IT spending in 2019 is not expected to stretch as far into 2020 despite concerns over a recession and companies cutting back on discretionary IT spending. [...] Most companies are caught trying to either cut costs or invest for growth, but the top-performing enterprises are doing both. A core challenge facing the industry is how organizations can operate as both a traditional company and a technology company at the same time. These ‘and’ dilemmas will drive future IT spending trends.”