Gartner has revised its growth forecast for global IT spending in 2025 down to 7.9%, from an earlier expectation of 9.8%. This adjustment is attributed to an 'uncertainty pause' among CIOs, influenced by US President Donald Trump's unpredictable trade tariff policy. Countries are refraining from new spending amid concerns over how these tariffs may affect costs. Specifically, many organizations are delaying product purchases and hiring, though existing budgets remain intact. IT hardware and infrastructure are anticipated to be significantly impacted by these trade changes.
The rest of the world is taking a pause. It's not fair to say that the geopolitical situation is causing it. It's about 'we're not sure where this reboot is going to land, and we're going to pause until we do figure it out'.
CIOs have paused new IT spending, delaying product purchases and hiring. Budgets aren't affected yet, they're still fully enforced. They're just pausing new spending.
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