European IT spending ‘continues to be recession-proof’

According to figures from Gartner, IT spending in Europe will total $1.1 trillion in 2024, an increase of 9.3% on this year.
Software and IT services are expected to enjoy the highest spending increase in 2024, while in the data centre market new spending continues to skew toward cloud options which is expected to grow 27%.
In terms of where European CIOs priorities lie, enhancing cybersecurity spending in the cloud and planning for AI and generative AI are identified as key factors. Spending on