Tag: IT spending
Survey sheds light on SMB IT spending trends
A survey of 375 IT decision-makers within small-to-medium businesses in the U.S. suggests that planned investments in IT in 2023 are contracting slightly because of continuing economic headwinds. Conducted by Analysys Mason, a management consulting firm, the survey finds that...
Cybersecurity tops IT spending priority list for 2023
A survey of 837 IT leaders and 201 line of business (LOB) executives conducted by the market research form Foundry, a unit of International Data Group (IDG), finds 91 percent of CIOs expect their technology budgets to either increase or...
Tips for MSPs to weather the economic storm
A major downturn in the global economic outlook is causing business and IT executives to reevaluate their IT spending priorities. In the wake of spiraling inflation driven by the ongoing conflict in Ukraine and rising oil prices, many of the...
IT spending patterns are starting to shift back to normal
It appears that more organizations are looking for some relief as a spate of IT spending growth from the start of the COVID-19 pandemic begins to kick in. A survey of 1,000 IT decision-makers in the U.S. and UK conducted...
Gartner sees continued robust demand for IT services
Gartner is forecasting that worldwide enterprise IT spending is projected to reach $4.5 trillion in 2022, an increase of 5.5 percent from 2021, with spending on IT services growing at robust 8.6 percent to reach $1.3 trillion. That growth in...
Report surfaces major gains for MSPs serving enterprise customers
A report published this week by Information Services Group (ISG) shows the annual contract value (ACV) of managed services contracts valued at more than $5 million hit a record $8.4 billion for the third quarter, representing a 22 percent increase...
IT spending outlook for 2022 looks better than 2021
The outlook for IT spending for cloud and managed services for 2022 looks promising, assuming organizations can acquire the hardware needed to drive application deployments. A Spiceworks Ziff Davis (SWZD) survey of more than 1000 IT buyers in North America...
MSPs celebrate growth as IT spending questions remain
Questions on the levels of IT spending from SMBs and other organizations will exercise in the future continue, even amongst recent significant MSP growth. Managed services generated nearly $8 billion in annual contract value in the second quarter of 2021,...
Organizations expect return to robust IT spending with caveats
IT leaders have a natural bias toward optimism when it comes to spending on IT initiatives that isn’t as often equally shared by finance executives. Nevertheless, a survey of 340 finance executives in North America conducted by Hanover research on...
IT spending shows signs of recovery going into 2021
CompTIA has published its annual report for the IT industry, which suggests that spending on IT is starting to return to historic levels. The CompTIA report, in fact, cites data from International Data Corp (IDC) projecting that global IT revenue...
