Michael O'Grady

What happened. O'Grady's February 2026 US blog forecasts US tech spending (including technology staffing costs) of $2.9tn in 2026 at 8.3% growth, implying a 2025 level of about $2.68tn ($2.63tn to $2.72tn given rounding). The 2025 level is not printed directly. Level held as stated: $2.7tn vs about $2.68tn implied actual, 0.8% out (within 3% across the rounding range). Sources: forrester.com.

Source: US Tech Spending Defies The Economic Slowdown To Hit $2.7 Trillion In 2025 (Forrester blog by Michael O'Grady)

Caveat. No independent evidence available. Scored on Forrester’s own figures.

What happened. Forrester's February 2026 release said European tech spend will grow 6.3% in 2026 to reach $1.75tn, implying a 2025 level of about $1.65tn ($1.64tn to $1.66tn given rounding). O'Grady's February 2026 blog says the 6.3% takes Europe past EUR 1.5tn for the first time in 2026. Threshold held as a point forecast: $1.5tn vs about $1.65tn implied actual, 8.9% low, in the 10% band. Part of the gap is the euro's rise against the dollar in 2025; in euros (EUR 1.4tn vs a 2025 level just over EUR 1.41tn) the call looks closer. Sources: forrester.com, forrester.com.

Source: Forrester: Global Tech Spend To Surpass $4.9 Trillion In 2025 (Forrester press release)

Caveat. No independent evidence available. Scored on Forrester’s own figures.

What happened. Forrester's February 2026 release (Global Tech Market Forecast, 2025 To 2030, lead author O'Grady) put 2025 global tech spend at $5.2tn ("up from $5.2 trillion in 2025"). Level held as stated: $4.9tn vs $5.2tn first published actual, 5.8% low, in the 10% band. The jump suggests Forrester also moved its base (2024 at $4.7tn plus 5.6% would be $4.96tn), but the stated number is held. Sources: forrester.com.

Source: Forrester: Global Tech Spend To Surpass $4.9 Trillion In 2025 (Forrester press release)

Caveat. No independent evidence available. Scored on Forrester’s own figures.

What happened. Forrester's February 2025 release said global tech spend would reach $4.9tn in 2025, "up from $4.7 trillion in 2024", with 2024 growth of 4.6%. Level held as stated: $4.7tn forecast vs $4.7tn first published actual (both rounded). Growth also within a point (5.3% vs 4.6%). Sources: forrester.com.

Source: Global Tech Spend Will Grow 5.3% In 2024 (Forrester blog by Michael O'Grady)

Caveat. No independent evidence available. Scored on Forrester’s own figures.

What happened. Forrester's next US forecast (O'Grady blog, February 2025) said US tech spending would grow 6.1% in 2025 to reach $2.7tn, implying a 2024 level of about $2.54tn (range $2.50tn to $2.59tn given rounding). Forrester did not print the 2024 level or growth rate directly. Level held as stated: $2.4tn vs about $2.54tn implied actual, 5.7% low, in the 10% band (4% to 7% across the rounding range, so Right is possible). Forrester may have restated its US base between editions. Sources: forrester.com.

Source: US Tech Spend Outpaces The Overall Economy In 2024 (Forrester blog by Michael O'Grady)

Caveat. No independent evidence available. Scored on Forrester’s own figures.

What happened. O'Grady's December 2023 European blog said European tech spend "will have grown only 2.6% in 2023", and his January 2024 global blog repeats that Europe grew only 2.6% in 2023. Only a rate was stated. 3.6% forecast vs 2.6% actual is 1.0 point, on the edge of the Right band. Sources: forrester.com, forrester.com.

Source: Forrester: Global Tech Spend Will Reach $4.4 Trillion In 2023 Despite A Turbulent Macroeconomic Environment (Forrester press release)

Caveat. No independent evidence available. Scored on Forrester’s own figures.

What happened. O'Grady's January 2024 US forecast blog put US tech spend growth in 2023 at 4.5% ("up from 4.5% in 2023"), Forrester's first published full-year figure. Only a rate was stated for the US. 5.4% forecast vs 4.5% actual is 0.9 points, within the 1-point Right band. Sources: forrester.com.

Source: Forrester: Global Tech Spend Will Reach $4.4 Trillion In 2023 Despite A Turbulent Macroeconomic Environment (Forrester press release)

Caveat. No independent evidence available. Scored on Forrester’s own figures.

What happened. Forrester's next global forecast (January 2024) put 2023 growth at 3.5% and 2024 at $4.7tn after 5.3% growth, which implies a 2023 level of about $4.46tn (range $4.42tn to $4.51tn given rounding of $4.7tn). Forrester did not print the 2023 dollar level itself. Release level governs: $4.4tn forecast vs about $4.46tn implied first published actual, 1.4% out (within 5% across the whole rounding range). On growth alone it would be 4.7% vs 3.5%, 1.2 points, Mostly right. Sources: forrester.com, forrester.com.

Source: Forrester: Global Tech Spend Will Reach $4.4 Trillion In 2023 Despite A Turbulent Macroeconomic Environment (Forrester press release)

Caveat. No independent evidence available. Scored on Forrester’s own figures.