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Long Term Projects are having a comeback!

Long Term Projects are having a comeback!

Gartner Forecasts Worldwide IT Spending to Grow 5.1% in 2022.

“2022 is the year that the future returns for the CIO,” said John-David Lovelock, distinguished research vice president at Gartner. They [CIOs] are now in a position to move beyond the critical, short term projects over the past two years and focus on the long term. Simultaneously, staff skills gaps, wage inflation and the war for talent will push CIOs to rely more on consultancies and managed service firms to pursue their digital strategies.”

As we start to plan for bigger projects and look further into the future, IT teams need to be equipped. The equipping needs to be in the area of skills and methodologies to ensure projects are meeting the needs of the business and departments, in both the short and long term. 

Gartner forecasts that the IT services segment which includes consulting and managed services, is expected to have the second-highest spending growth in 2022, reaching $1.3 trillion, up 7.9% from 2021 (see Table 1 below). Business and technology consulting spending, specifically, is expected to grow 10% in 2022. The focus for all organisations are productivity gains, further mobilising technologies for teams and the digital projects such as ICT roadmaps and strategic plans that focus on greater benefits.

We have been working on Project Management as a Service which allows your staff to remain focused on current business and lightens up  the load on leadership. Be sure to call and ask to speak to our clients. We would be happy for them to tell you how we have been able to free up teams and add skills where needed to their project and programs within your organisation.

Table 1. 2022 Worldwide IT Spending Forecast (Millions of U.S. Dollars)

2021 Spending

2021 Growth (%)  

2022 Spending

2022 Growth (%)  

2023 Spending

2023 Growth (%)  

Data Center Systems

216,337

11.4

226,475

4.7

237,021

4.7

Enterprise Software

604,946

14.4

671,732

11.0

751,937

11.9

Devices

787,417

13.0

813,699

3.3

804,253

-1.2

IT Services

1,186,103

10.7

1,279,737

7.9

1,391,742

8.8

Communications Services

1,444,324

3.4

1,462,712

1.3

1,494,167

2.2

Overall IT

4,239,127

9.0

4,454,354

5.1

4,679,119

5.0

Source: Gartner Forecasts Worldwide IT Spending to Grow 5.1% in 2022

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