Europe's IT spend to surge 11% as cloud sovereignty fever takes hold

IT spending in Europe will grow 11 percent next year to hit $1.4 trillion amid a desire for cloud sovereignty, according to Gartner.

The figure is set to reach $1.3 trillion by the end of 2025 after growing 11.6 percent over the previous year.

Spending on GenAI models is set to grow 78 percent next year in Europe as organizations look to increase investment in AI, cloud, and cybersecurity.

Interest in sovereign cloud, powered by geopolitical uncertainty, is also driving spending. In a separate survey of CIOs and tech leaders in Western Europe earlier this week, Gartner found 61 percent want to increase their use of local cloud providers. Around half (53 percent) said geopolitics would restrict their use of global providers in the future.

Speaking to The Register about the latest spending forecasts, John-David Lovelock, distinguished VP analyst at Gartner, said: "The European economy is somewhat ...