Govt’s IT spend to grow 12% to $9.5 billion in 2022: Gartner

The government’s spending on information and technology will grow 12.1 per cent to USD 9.5 billion in 2022, an analyst firm estimated.

The growth estimate is less than a 15 per cent jump in the government’s IT (Information and Technology) spending in 2021, and higher than the 5 per cent growth estimated at the global level for 2022, a report by research firm Gartner said.

Its principal analyst Apeksha Kaushik said contrary to the global trends, all segments will experience growth in India in 2022.

The firm estimated software vertical to witness the highest growth at 27.9 per cent in 2022 to USD 2.195 billion, while the IT services vertical to grow 13.4 per cent to USD 2.40 billion.