Tech spending has remained surprisingly stable in 2023

As 2022 edged to a close, we took a look at 2023 budget projections. As we approach the middle of the third quarter, we thought it would be useful to revisit those predictions and see where we are almost eight months into the year.
It’s always good to start with the analysts and see what numbers they are seeing. They talk to CIOs constantly and have their finger on the pulse of spending.
First some context: In October 2022, Gartner predicted 2023 IT spending would grow by 5.1%, while IDC was similarly predicting between 5% and 6%. By January, the firms had already revised those numbers, with G

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