India, Jan. 24 -- High expectations for digital market prosperity will boost technology investments despite potential impacts of the Omicron variant.

Worldwide IT spending is projected to total $4.5 trillion in 2022, an increase of 5.1% from 2021, according to the latest forecast by Gartner, Inc. In India, IT spending will total $105.2 billion in 2022, an increase of 5.5% from 2021.

Despite the potential impacts of the Omicron variant, economic recovery with high expectations for digital market prosperity will continue to boost technology investments.

"2022 is the year that the future returns for the CIO," said John-David Lovelock, distinguished research vice president at Gartner. "They are now in a position to move beyond the critical...