Most CIOs expect IT budgets to increase next year

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• Most CIOs expect IT budgets to increase next year

CIOs expect their organizations' IT budgets to grow 3,7% next year, according to a new Gartner report. In its annual global survey of CIOS and technology leaders in the EMEA region, which gathered responses from 2.387 respondents in 85 countries and across all major industries, Gartner found that the increase in the IT budget for the coming year is slightly below above the global average growth. IT budget of 3,6%. “The Covid-19 pandemic has accelerated a digital shift in which funds have been reallocated internally to IT,” said Monika Sinha, Gartner's research vice president. “This increase in the IT budget also means that CIOs and technology leaders in the EMEA region have the choice of where to invest. "The report believes that of all the technologies they want to invest in, CIOs are most interested in artificial intelligence (AI) and distributed cloud, as they can enable modular technology capabilities.

Global IT Spending Will Increase

However, two-thirds of CIOs in the EMEA region (65%) plan to spend the most on cybersecurity and information security, as growing threats make the landscape extremely difficult. As soon as security is up to date, they will turn their attention to business intelligence and data analytics, cloud platforms (47%), as well as API architecture and corporate digital transformation initiatives (37%). Globally, IT spending is expected to remain high next year as businesses look to get back on track after the pandemic. In an independent Gartner report published in late October, global IT spending is expected to hit $4,5 trillion next year, with virtually all IT subsets growing. However, enterprise software is expected to see the biggest growth, up 11,5% compared to the same period in 2021. Also be sure to check out our list of the best bare metal hosting providers right now.