PRESS RELEASE – Didcot, December 31st, 2021

ITC 2022 – predictions for a better year

ITCandor has published its 12th set of annual predictions. These are the 10 ideas for the ITC industry in 2022:

1. The total ITC market grows by 4% to reach $7.6 trillion; net profit, by 9% to $1.3 trillion
2. Spending in the Americas grows 8%, Asia Pacific 6% and EMEA 2%
3. Spending on software grows 7%, IT service and hardware by 5% each, while spending on telecom service stays level
4. Cloud spending growth flattens – SaaS will be (just!) 18%, IaaS 13% and PaaS 13%; in total these offerings account for $430b
5. Global supply chain problems continue, extending hardware life cycles and second-hand sales
6. American suppliers increase their combined global ITC market share to over 50%
7. ‘as a service’ offerings and hybrid multi-cloud architectures become the norm in enterprise computing
8. Government counter-measures fight back against cyber crime
9. Raw storage shipped capacity exceeds 4 Zetabytes in 2022
10. ITC will be more of a solution to, than the cause of, the challenges of a difficult year

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