Organizations spend a huge amount of money on enterprise technology. According to Gartner, global IT spending is set to reach $4.4 trillion by the end of 2022, an increase of 4% on 20211.

That’s more than the equivalent of the GDP of India and Australia combined.

IT services accounts for more than $1.26 trillion of this expenditure, while spending on devices, software and data centre systems accounted for $825 billion, $675 billion and $219 billion respectively. This presents a huge opportunity for savings by optimizing software and hardware assets. And what about the cloud? Gartner predicts that worldwide end-user spending on public cloud services is forecast to grow 20.4% in 2022 to total $494.7 billion, up from $410.9 billion in 20213. However, it’s not all good news.

Download the paper to find out more about how a single system of action can assist you addressing the challenges in managing your IT assets.


Please contact the DXC Strategic Business Group to discuss how to put the whitepaper concepts into action and assess how ServiceNow IT asset management would work for your organization.

Download the full paper to see the 5 ways you can reduce IT asset costs to free up budget for growth-driving change and innovation.