Tag: IT spending

Tips for MSPs to weather the economic storm

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...

/ May 17, 2022 / 6 Comments
IT spending patterns are starting to shift back to normal

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...

/ March 31, 2022
Gartner sees continued robust demand for IT services

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...

/ October 28, 2021
Report surfaces major gains for MSPs serving enterprise customers

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...

/ October 14, 2021
IT spending outlook for 2022 looks better than 2021

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...

/ September 30, 2021
MSPs celebrate growth as IT spending questions remain

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,...

/ July 20, 2021 / 1 Comment
Organizations expect return to robust IT spending with caveats

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...

/ May 13, 2021
IT spending shows signs of recovery going into 2021

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...

/ November 25, 2020
crisis
MSPs need to get closer to customers in 2020

MSPs need to get closer to customers in 2020

This time of year, most managed service providers (MSPs) are trying to discern what issues are top of mind for their customers as they gear up to head into the New Year. A recent survey of 500 IT professionals conducted...

/ December 18, 2019
Percentage of revenue organizations are investing in IT increases sharply

Percentage of revenue organizations are investing in IT increases sharply

A global survey of more than 2,500 business and technology leaders conducted by the research firm ESI ThoughtLab, on behalf of Cognizant, a provider of IT services, suggests that the amount of money organizations are willing to invest in IT...

/ November 26, 2019