Gartner Sees Software Growing 14.6% to $1.68 Trillion in 2027: Models at 117%, AI App Platforms at 39%, and Price Increases Doing a Lot of the Work

Gartner forecasts worldwide IT spending will reach $7.35 trillion in 2027, with software growing 14.6% to reach $1.68 trillion. The author argues that much of this software growth is driven by massive spending on generative AI models, which are projected to grow 117%, along with AI app development platforms and incumbent price increases. Open article →