4. Software spending growth will be stronger than in IT Services; Telecommunications and hardware sales will decline

In my research I split ITC offerings into 4 mutually exclusive categories. In 2024 I expect that IT Services will remain the largest (39% of the total) with growth in the year of 1.7%. Software (now larger than both Telecommunications and Hardware) will see the strongest growth (5%). I expect sales to decline in both Telecommunications (-3.1%) and Hardware (-5.0%).

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