Saas News Hubb
Advertisement Banner
  • Home
  • SaaS
  • SaaS News
  • Contact
No Result
View All Result
  • Home
  • SaaS
  • SaaS News
  • Contact
No Result
View All Result
Gourmet News Hubb
No Result
View All Result
Home SaaS News

Gartner: Overall IT Spend Has Slowed. But Software? That’s Still Growing.

admin by admin
January 30, 2023
in SaaS News


I know things can be tough out there but Gartner last week still predicted enterprise software would grow 9.3% this year to a total of $856,029,000,000 in spend in 2023

Go grab some of it

Even if it’s a bit harder than 12 months ago pic.twitter.com/z8UQx5puzK

— Jason ✨Be Kind✨ Lemkin  (@jasonlk) January 30, 2023

So the latest data from Gartner is out, and overall it’s a mixed bag — but good for SaaS in 2023:

  • Overall IT spend will grow now just 2.4% in 2023 to $4.5 trillion, way down from the 5.1% projected last quarter.  CIOs are cutting back overall much more than anticipated just a few months ago.

But — the cuts aren’t really coming in enterprise software budgets.

  • Gartner is predicting enterprise software spend will grow a stunning 9.3% to $856 Billion in 2023.  And that’s up from 7.1% growth in 2022 and a total of $783 Billion in enterprise software spend.

Software is the one place CIOs still plan to spend a lot more on in 2023 than 2022:

This doesn’t mean it’s easy out there.  No data says that.  And CIOs and enterprises have clearly changed their software spending priorities.

But it does mean at a higher level, the trends are still positive for SaaS and Cloud spend.  Even if we have to push through, in some cases, a rough patch.

Published on January 30, 2023






Source link

Previous Post

How These 6 Social Media Marketers & Creators Built Loyal Brand Communities

Next Post

The 25 Dominating Web Design Trends for 2023

Next Post

The 25 Dominating Web Design Trends for 2023

Recommended

Gainsight CEO Nick Mehta Shares His Top 10 Mistakes In 10 Years: Part 1 (Pod 656 + Video)

5 months ago

What Is SaaS Security Assessment? Best Saas Security Practices: The Definitive Guide

11 months ago

4 Trends for Tech Success in 2023

9 months ago

How to Make a Video on iPhone (Expert Tips)

2 months ago

10+ Ways to Increase Your Productivity At Work & At Home

9 months ago

Make Your Ecommerce Payment Steps Easy

10 months ago

© Saas News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • SaaS
  • SaaS News
  • Contact

Newsletter Sign Up.

No Result
View All Result
  • Home
  • SaaS
  • SaaS News
  • Contact

© 2022 Saas News Hubb All rights reserved.