European IT spending set to hit $1.1trn in 2022 - IDC

Meanwhile security investment will reach almost $47bn in the region

Kelsey Rees
clock • 2 min read
European IT spending set to hit $1.1trn in 2022 - IDC

The latest forecast from analyst firm IDC has pegged European IT and security investments to reach new heights in year on year growth in 2022.  The researcher claims IT spending will reach $1.1trn this year and will get close to $1.4trn by 2026, growing at a five per cent five-year 2021-2026 CAGR. It highlighted investments in software as the key driver for technology spending, adding software will be the fastest-growing technology group by year on year growth, supported by fast growth ...

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