Oxford Economics is excited to announce the launch of the Global Tech Spend Forecasts service, offering the most reliable forecasts on enterprise IT spending across 35 industries and 25 countries, with forecasts out to 2050.
The service enables companies to gain valuable insights into market trends, optimise resource effectively and make informed strategic decisions to drive growth and innovation.
Global spending on technology products by businesses and governments is set for notable growth in 2025, according to research by Oxford Economics. The new Global Tech Spend Forecasts service predicts a 5.8% increase in tech spending, adjusted for inflation and currency changes, which surpasses the anticipated GDP growth rate. Including price and currency impacts, enterprise tech spending is expected to rise by 7.6%, exceeding $6.5 billion. “Taiwan and South Korea are projected to have among the fastest rates of tech spending growth, driven by the resurgence of electronics manufacturing and industries like basic metals and pharmaceuticals,” said Victoria Tribone, economist at Oxford Economics.
“The new service fills a gap in the marketplace by providing detailed forecasts of enterprise spending on technology across 35 sectors in 25 countries. Consistency of definition and measurement facilitates benchmarking across countries, sectors and product types. Furthermore, the dataset is completely integrated into Oxford Economics’ market-leading macroeconomic and sectoral forecasting models, enabling effortless risk and scenario analysis.” says Jeremy Leonard, Managing Director of Global Industry Services.
With Global Tech Spend Forecasts, you will be able to:
- Pinpoint the fastest growing industries for enterprise IT spending to capitalise on opportunities.
- Inform strategic planning, leveraging up-to-date insights on IT spending trends to tailor efforts for specific sectors.
- Track market growth and contraction trends to support demand forecasting.
- Quantify short and long-term risk and impacts on IT spending leveraging our scenario forecasts.
Media enquires
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About Global Tech Spend Forecasts
Oxford Economics Global Tech Spend provides forecasts on enterprise IT spending for 35 industries and 25 countries. Our coverage includes key spending categories such as devices, enterprise software, IT services, communication services, internet and cloud services.
For more information on our enhanced Global Tech Spend Forecasts service and how it can benefit your strategic planning, please visit our service page.