A good year ahead: IT EMEA spend could top $1.3 trillion in 2022
According to a new report from Gartner, the IT industry across Europe, the Middle East and Africa (EMEA) could grow again next year.
The analyst firm has predicted a spending rise of 4.7% in 2022, taking the total spend to more than $1.3 trillion. This is less than the 6.3% growth reported this year, but it’s still a hugely positive sign in the wake of the Covid-19 pandemic.
Gartner’s detailed spending forecast is based on rigorous analysis of its comprehensive market size database. Researchers look at IT product and services sales from thousands of vendors worldwide, to deliver a wide-ranging perspective on IT spending across hardware, software, telecommunications and IT services.
Cloud adoption behind spending drive
Looking into the key areas where funds will be spent in 2022, Gartner’s researchers found that many organisations across the EMEA region are planning to invest in cloud computing.
In fact, around 12.5% of total IT budgets could be used to implement or upgrade cloud-based solutions. The two most popular of these are predicted to be Infrastructure as a Service (IaaS), and Desktop as a Service (DaaS) – each accounting for the top two largest portions of budget spend next year.
John Lovelock, research vice president at Gartner, explains:
“The rise of enterprise application software, infrastructure software and managed services and cloud infrastructure services demonstrates that digital business is not just a one- or two-year trend – it is systemic and long-term,”
Device spend expected to slow
After a bumper year for spending on devices in 2021, organisations across EMEA are expected to slightly reduce their budget for tech next year.
This is likely to be due to employee device requirements for home, remote and hybrid working. More flexible working arrangements brought in by the pandemic are likely to stick around for longer, but experts predict that by now – many employees are already kitted out with the tech they need for home working.
However, the segment is still expected to grow by 0.7% year on year.
IT spending highest in the UK
One of the most interesting findings from the Gartner research is that when it comes to IT spending, the UK is predicted to outspend its fellow EMEA countries in 2022. It is estimated to spend over $223 billion in 2022, 6% more than in 2021 and more than the IT budgets of France, Italy, Germany and Turkey combined.
Here’s what’s behind the spending drive, according to Lovelock:
“Remote work, remote education and telehealth are bolstering IT spending in government, education and healthcare which are among the top growth industries in the U.K.”
Already planning for 2022? Whether you’re planning on expanding your team, or are searching for a new opportunity in IT sales – we can help. We match exceptional candidates to some of the most sought-after vendors worldwide. Get in touch with our specialist recruitment team here at Strive Sales to find out more, or search our live global vacancies here.