Enterprise tech spending to hit $4.9 trillion in 2025, driven by AI, cloud, and cybersecurity – Computerworld

North America is projected to experience a 6.1% increase in tech spending, with AI investments in financial services, retail, and media leading the way. Businesses in the US and Canada are accelerating cloud migration and cybersecurity initiatives, positioning the region at the forefront of enterprise IT innovation.

The Asia-Pacific region is forecasted to grow by 5.6%, with China, India, Japan, and Malaysia emerging as key drivers of expansion. India, in particular, is expected to have the region’s fastest-growing tech spending CAGR of 9.6% from 2024 to 2029, fueled by investments in AI, cloud, and digital transformation initiatives. The region’s investments in AI and semiconductor technologies continue to support enterprise adoption of next-generation computing solutions.

Meanwhile, Europe’s tech market is expected to grow at a slower rate of 5%, as economic challenges in Germany and Italy dampen enterprise spending.