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Read on to learn more about global it spending trends for 2025, what tech will look like for regions worldwide, and the biggest investments for organizations as they look toward the future Worldwide spending on information and communications technology (ict) reached nearly $4.7 trillion in 2022 and is forecast to grow steadily through 2027 with a 5.7% compound annual growth rate. In particular, we’ll dig into these industry segments

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Global it spending is the amount organizations spend on it goods and services The industries most likely to decrease it budgets in 2024 include education (15%) and government (18%). This includes communication services, cloud services, software, and hardware.

As the role of technology shifts, budgets and the investment process are subject to increased scrutinization—and are ripe for evolution

This cio insider uncovers trends in technology budgets and examines the spending habits of companies that are more advanced than their peers. In this blog post, we explore the typical software development budgets as a percentage of revenue for a wide range of industries and discuss the factors driving these allocations. Another 2023 study of it spending across companies of all sizes finds that organizations, as a whole, budget an average of 12% of revenue for it, with some industries spending much more (e.g., software companies at 19%) and some much less (e.g., consumer products and services at 5%). Discover the latest software spending statistics to understand where investments are headed and how to stay competitive in 2025.

A closer analysis of it spending by industry reveals that organizations in the financial services (81%) sector are most likely to increase budgets in 2024