By Mark McSherry

IT spending in Europe is projected to total $1.28 trillion in 2025, an increase of 8.7% from 2024, according to the latest forecast by Gartner, Inc.

IT spending in Europe is on pace to reach $1.18 trillion by the end of 2024.

“In 2024, the surge of building out AI-related infrastructure by technology providers is driving high levels of spending on data center systems in Europe,” said John-David Lovelock, Distinguished VP Analyst at Gartner.

“CIOs in Europe will continue investing in public cloud end-user spending, which is estimated to reach $123 billion in 2024, and grow their security spending, projected to reach $47 billion in 2024.”

European businesses that have recognized IT’s value during the pandemic are set to significantly boost IT spending in 2025 to stay competitive and grow revenue.

Gartner said: “Aided by a surging interest for generative AI (GenAI) solutions, CIOs in Europe will drive their IT budgets into an era of high growth and innovation. 2025 is poised to set a record as the highest growth rate in IT spending in a single year in Europe since the post-pandemic surge in 2021.”