AISaaStrabout 1 hour ago
Gartner Forecasts 14.6% Software Growth to $1.68 Trillion
3 min read
Gartner released a forecast on October 21 predicting worldwide IT spending will reach $7.35 trillion in 2027, with software specifically growing 14.6% to $1.68 trillion. This surge is driven by a 117% increase in GenAI model spend and rising prices for AI features, while data center systems add $487 billion to the total.
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