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Gartner: 2024 Will probably be Harder Than We Thought, However We’ll Nonetheless Cross $1 Trillion in Software program Spend

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So Gartner is slicing again its progress projections for 2024 a bit.  It was beforehand projecting a 13.8% spend in software program spend in 2024 to over $1 Trillion.

It’s now slicing that again a bit to 12.7% progress in 2024, mainly flat with 2023.

However that’s nonetheless a lot of progress.

To over $1 Trillion in software program spend worldwide — for the primary time ever.

Whereas that’s an epic quantity of spend, it’s nonetheless more durable on the market.  Gartner notes:

  • CIOs are nonetheless coping with “change fatigue” of all the brand new apps they’ve purchased over the previous few years.  An actual difficulty
  • GenAI is a cataylst for change, nevertheless it’s not but materially impacting spend by itself.  Relatively, effectivity is the driving force.

The cash is there although, of us.  Do one thing that actually issues.  Do one thing 10x higher.  Earn that finances.  Make it so.

Altimeter: SaaS Development Has Lastly Rebounded. Albeit Solely a Little Bit.

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