CompTIA’s 'IT Industry Outlook 2023' Highlights AI, Metaverse, Cloud Computing

Whether it’s the metaverse, cloud computing or artificial intelligence, CompTIA’s “IT Industry Outlook 2023” offers a glimpse into society’s interaction with technology. Although technology can’t solve all of society’s ailments, in the right hands it can accelerate solutions for those with a bold vision for their respective industries.

“Technology has a massive direct and indirect impact on economic growth,” according to CompTIA. “Overall GDP grew by 18% between quarter one of 2020 and quarter two of 2022. In contrast, the sub-industry that most closely represents the core tech industry (data processing, internet publishing and other information services) grew by 47%. This growth rate trailed only two sub-industries related to oil and petroleum.”

CompTIA says spending on new technologies—including internet of things (IoT), robotics and mixed reality— is expected to hit $1.36 trillion in 2023. This adds nearly 30% to the expected spending on traditional items.

However, a word of caution. Economic swings such as inflation means actual spending may fluctuate more in 2023 than in previous years.

Either way, technology is changing the landscape more and more rapidly.  According to this outlook (see slideshow above), technological change is mostly for the better when it comes to building relationships with customers.