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Increased IT spending marred by industry price hikes

Worldwide IT spending is expected to surge in 2025, though research from Gartner suggests much of this growth will be absorbed by price increases. Spending will total $5.61 trillion this year, marking a growth rate of 9.8% from $5.11 trillion in 2024. Last year, Gartner predicted global IT spending would hit $5 trillion. But while budgets for CIOs are increasing,…