I came across this blog post by Tomasz Tunguz, a venture capitalist, estimating software spending growth for 2024:
![3740073336c1f1f0b68bcf5a168112607b4f9d.png](//strawman.com/member/uploads/objects/a0/3740073336c1f1f0b68bcf5a168112607b4f9d.png)
His analysis is based on a Gartner report . It is mainly concerned with cloud spending but breaks out some subcategories of IT spending.
Dicker Data released an encouraging update last week which showed an 8% increase in revenue compared to the prior corresponding period.
If the forecasts are correct this is promising for Dicker Data sales growth going forward. Although software only makes up a small percentage of their revenue I would assume it is higher margin (but I couldn’t confirm what this is from a brief search.)
Also worth noting is that hardware, which is the bulk of DDR’s revenue, is also forecast to grow modestly after two grim years.
![c215af512a16b4007b26e17e2f5abe36731efa.png](//strawman.com/member/uploads/objects/5e/c215af512a16b4007b26e17e2f5abe36731efa.png)
This is all speculative, obviously, but my thinking is that IT spending has been constrained recently but that can't continue forever.
Disc: Held IRL