IT Industry News. Daily.
Worldwide IT spending is expected to total $5,74-trillion in 2025, an increase of 9,3% from 2024, according to the latest forecast by Gartner.
“CIOs will begin to spend on GenAI, beyond proof-of-concept work, starting in 2025. More money will be spent, but the expectations that CIOs have for the capabilities of GenAI will drop. The reality of what can be accomplished with current GenAI models, and the state of CIO’s data will not meet today’s lofty expectations.”
This is led by server sales, which are set to almost triple from more than $134-billion in 2023 to $332-billion by 2028, including more than $257-billion in 2025.“GenAI will easily eclipse the effects that cloud and outsourcing vendors had on previous years regarding data center systems,” says Lovelock. “It took 20 years for the cloud and outsourcing vendors to build up spending to $67-billion a year on servers. The demand of GenAI will help nearly triple server sales from 2023 to 2028.
“Software and IT services are a large driver of IT growth,” says Lovelock. “Spending on these segments is expected to be on AI-related projects, including email and authoring. This was a market that, despite its age and having been consolidated down to a small number of players, will add $6,6-billion to global spending in 2024 and $7,4-billion 2025 due in part to GenAI products and services.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GOOD news for naturalised South African citizens in 2025The good work by Home Affairs is filtering down to naturalised South African citizens, who have been poorly treated for far too long ...
Read more »
Sean 'Diddy' Combs' sex trafficking trial set for May 2025 - SABC NewsSean 'Diddy' Combs will stand trial on federal sex trafficking and racketeering charges.
Read more »
Fraud case against former Transnet execs postponed to January 2025 - SABC NewsThe case against former Transnet executives has been postponed.
Read more »
South African economic outlook ‘positive’ for 2025Robust reforms, proactive investment initiatives and renewed optimism over GNU point to a positive South African economic outlook for 2025.
Read more »
Theme for the Cape Town Met 2025 has been revealedWorld Sports Betting Cape Town Met seeks to challenge fashion convention with the 2025 theme.
Read more »
Old Mutual’s OM Bank is set to launch in 2025Pending the remaining Section 17 regulatory conditions, OM Bank from Old Mutual will launch in Q1 2025.
Read more »