Is Demand for IT Services Going Down?

In the face of economic uncertainty, what is the current state and potential future demand for IT services?  I looked at three critical data points.

Search for ‘IT Services’ Over the Last Five Years in The US

IT Services searches

Over the past five years, there has been a gradual, yet consistent, increase in the number of searches for ‘IT Services’ within the United States.

Gartner Forecast for IT Spending in 2023

Worldwide IT spending is projected to total $4.6 trillion in 2023, an increase of 5.5% from 2022, according to the latest forecast by Gartner, Inc. Despite continued global economic turbulence, all regions worldwide are projected to have positive IT spending growth in 2023.

Here is the Gartner press release dated Apr 6, 2023

The Number of Prospects Reaching Out to MSPs

Our clients continue to receive several promising prospects each month, a trend consistent with what we have seen in previous years:

MSP Clients Getting Leads

Even with economic uncertainty, companies are still investing in IT services, and the demand for these services is steadily increasing.

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