To measure the weight of the new technology andIn the global economy, a new report revealed how spending in the sector fared.
Global information technology (IT) spending on devices, including computers, tablets, mobile phones, printers, as well as data center systems, enterprise software and communications services, will reach $4.7 trillion in 2023. By 2024, this number in IT is expected to increase significantly to US$5.1 trillion worldwide, a Bloomberg report revealed.
By industry, both IT and communications services receive the largest amounts of investment, “because these segments encompass a wide variety of different services and tools that remain the cornerstones of various business functions. For example, various unified communications services are vital to virtually connecting employees and thus increasing business productivity,” the study states. And in general, spending in various IT segments is expected to increase precisely to accelerate this digital transformation.
Digital transformation includes the use of artificial intelligence, the automation of processes and the transfer of data to, for example, the cloud. “These processes are enhanced by strategic spending and the deployment of various information technologies”message details.
For Latin America, a study by DocuSign and IDC estimates that investment in enterprise technology will reach $15.4 billion in 2026; Around 55% of companies estimate that their revenue will come from digital products and services.
The same report highlights that current IT needs (both traditional and cloud) relate to securing and managing hybrid environments (51%), modernizing infrastructure (42%), and supporting cloud and managed service providers (38%). Additionally, one in three IT leaders recognize the importance of artificial intelligence and 14% favor its adoption. All of this is linked to the fact that since the pandemic, 47% of organizations in Latin America have recognized the need to adopt a “Digital First” strategy to support digital channels.