IT Spending increases due to business conditions, security, and revenue opportunities.
IT budgets continue their pattern of more aggressive spending in 2019. A favorable business climate is one reason. A growing recognition of technology’s ability to transform businesses for revenue opportunities and cost savings is another.
- In 2019, a trend continues of more aggressive IT spending that started back in 2018. Clearly, organizations are better at recognizing IT as a key enabler for their businesses.
- A majority of organizations are keeping their technology spend increases in the 1-10% range as they
have always done, but more are seeing the revenue and cost-cutting advantages that technology
- In 2018 budget planning, 35% of survey respondents reported that between 1-5% of the total
corporate budget for 2018 was committed to IT. For 2019 IT budget planning, 39% of survey
respondents say that the corporate budget allocation for IT will stay between 1-5%.