Gartner's Latest Forecast: Gen AI to Propel Global IT Spending to $5.26 Trillion by 2024

Tuesday, 16 July 2024, 09:22

Gartner projects a massive surge in global IT expenditure, reaching $5.26 trillion by 2024, primarily powered by the growth of Gen AI. This growth is expected to drive a substantial 24% increase in data center investments, as tech giants intensify their efforts to match the computational needs of AI.
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Gartner's Latest Forecast: Gen AI to Propel Global IT Spending to $5.26 Trillion by 2024

Overview

Gartner has released a new forecast predicting a significant rise in global IT spending, showcasing the impact of Gen AI on the industry.

Key Points:

  • Global IT Spend: Projected to reach $5.26 trillion by 2024.
  • Gen AI Growth: Driving a 24% increase in data center investments.
  • Tech Giants: Racing to meet the computing demands of AI.

Conclusion

The anticipated surge in IT spending propelled by Gen AI signifies a transformative period ahead, with implications for companies striving to adapt to AI-driven technologies.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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