Gartner forecasts IT spending to hit $7.35 trillion

Gartner has announced its latest forecast that worldwide IT spending will reach $7.35 trillion in 2027, up 15% from 2026.

• The forecast highlights AI infrastructure, AI-enabled cloud platforms, and advanced software ecosystems as the main growth drivers, with Data Center Systems projected at $1,366 billion in 2027 versus $879 billion in 2026.
• Gartner said rising demand has pushed memory prices to more than double over the past 12 months, and noted that the forecast is being discussed during Gartner IT Symposium/Xpo in Orlando, Florida; upcoming events are listed for Yokohama, Japan, Barcelona, Spain, and Kochi, India.