Gartner Forecasts that worldwide IT spending won’t be deterred by inflation or currency volatility. Spending is expected to grow to $4.5 trillion in 2022, an increase of 3% from 2021.
Thankfully, the critical IT skills shortage being felt across the globe is expected to abate by the end of 2023 when the corporate drive to complete digital transformations slows down and there has been time for upskilling and reskilling of existing staff. However, in the near term, CIOs will be forced to take action to balance increased IT demand and dwindling IT staffing levels.