Cybersecurity investment tops budget priorities for 66% of CIOs
Global IT spending will reach $4.5 trillion this year, according to Gartner's latest forecast. While the economic climate is negatively impacting consumer markets, companies have reordered their priorities and continue to increase spending on digital business initiatives, despite the global economic slowdown. IT budgets started to rise in the third quarter of 2022 when Gartner reported that 76% of CIOs stated that their budgets had grown compared to the previous quarter.