The total ITC market grows by 4% to reach $7.6 trillion; net profit, by 9% to $1.3 trillion


Spending on ITC in 2022 will grow 4% to reach $7.5 trillion and vendors will grow their net earnings by 5% to $1.2 trillion; both of these sums will be world records. Computing is now a very large proportion of corporate and consumer spending and we should be proud of the fact that increases are related to providing solutions to society’s challenges. Nevertheless there are negative aspects of our industry such as the massive use of (usually) fossil fuel to manufacture products and (to a lesser extent) run data centers; as well as the predominance of spurious workloads such as gaming, bit coin block-chains and inefficient cross-marketing and advertising.
Suppliers need to be assessed in how they help increase efficiency, monitor and reduce carbon emissions rather than just how they please their own share-holders.
Navigate our predictions – intro 1 2 3 4 5 6 7 8 9 10