Forrester: global tech spend to grow 5.3% in 2024, reaching $4.7 trillion

Cambridge, mass.--(business wire)--forrester's (nasdaq: forr) global tech market forecast, 2023 to 2027, reveals that as economic conditions continue to improve, technology spend will grow 5.3% in 2024 — up from 3.5% in 2023. two factors will primarily contribute to this growth: increased spending on software and it services, including generative ai (genai), cloud, security, and digital, and economic growth in asia pacific. by 2027, software and it services will capture 69% of global tech spend.
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