How LatentView drives transformation

Worldwide IT spending is projected to reach $4.6 trillion in 2023, reflecting a growth of 5.5 per cent compared to 2022, as predicted by Gartner in an April 2023 release. “Growth will be driven by the software segment as CIOs prioritise spending to capture competitive advantages through increased productivity, automation and other software-led transformation initiatives. Despite continual global economic turbulence along with high inflation, countries across the globe are expected to witness positive IT spending growth in 2023. The IT services segment will continue its growth trajectory through 2024, largely as an infrastructure-as-a-Service (IaaS) market, which is projected to achieve over 30 per cent growth this year,” adds the release.