Forrester is forecasting that global tech spend will grow 4.7% in 2023 to reach USD4.4 trillion — 100 basis points lower than Forrester’s previous forecast, which we published in February.
Why the downward revision? In the United States, where Forrester is forecasting tech spend growth of 5.4%, it is because of inflation-induced interest rate hikes and increased unemployment projections. In Europe, where Forrester is forecasting tech…