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IT Spending Trends in High-Tech 2024
IT spending in the high-tech industry is surging, driven by the need for innovation and the adoption of AI, cloud computing, and automation. These investments aim to enhance operational efficiency and give companies a competitive edge. However, they also present challenges such as cybersecurity threats, data management complexities, and legacy system integration. How then are high-tech organizations prioritizing their spending? This report examines current IT spending trends, insights from our benchmarking survey, and the implications for the industry's future, concluding with the role of IT in fostering innovation and maintaining competitiveness in the high-tech sector.
August, 2024
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IT Spending and Staffing Benchmarks 2024/2025: Chapter 16: Government
Chapter 16 provides benchmarks for government organizations. The 29 respondents in the sample range in size from about $44 million to $40 billion in annual revenue. The category includes city and county governments, federal and state agencies, law enforcement agencies, organizations that provide IT services to government agencies, and other government organizations.
September, 2024
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IT Spending and Staffing Benchmarks 2024/2025: Chapter 44: Higher Education
Chapter 44 provides benchmarks for higher education institutions. This subsector includes public and private colleges and universities, research universities, business and medical schools, and for-profit institutions. The 21 respondents in the sample have annual revenues ranging in size from about $50 million to about $8 billion.
September, 2024
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IT Spending and Staffing Benchmarks 2024/2025: Chapter 7: Insurance
Chapter 6 provides benchmarks for banking and financial services companies. The firms in this sector include commercial banks, investment banks, credit unions, mortgage lenders, consumer finance lenders, and other types of lenders and financial services providers. The 48 respondents in this sector range in size from a minimum of about $50 million to over $75 billion in annual sales.
September, 2024
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IaaS Adoption Surges, Investment Moderates as Organizations Focus on Optimization
Infrastructure as a Service (IaaS) continues to be a cornerstone of efficient operations. Our latest research reveals an uptick in IaaS adoption. This surge is driven by the increasing demand for scalable, flexible, and cost-effective IT solutions. Our data suggests that the adoption rate is high when compared to other technologies in the study. However, the investment rate is moderate.
January, 2025
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Server Support Staffing Ratios 2025
The demand for traditional server support roles has been shifting in recent years. While virtualization, data center automation, and the cloud have undeniably streamlined IT operations, AI and predictive maintenance technologies are further transforming the landscape.
February, 2025
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Residual Value Forecast June 2025
Our quarterly Residual Value Forecast (RVF) report provides forecasts for the following categories of IT equipment: desktop computers, laptops, network equipment, printers, servers, storage devices, and other IT equipment. It also includes residual values for other non-IT equipment in the following categories: copiers, material handling equipment (forklifts), mail equipment, medical equipment, test equipment, and miscellaneous equipment such as manufacturing machinery and NC machines. Residual Value Forecasts are provided for five years for end-user, wholesale, and orderly liquidation values (OLV) prices.
June, 2025
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IT Spending and Staffing Benchmarks 2025/2026: Chapter 2: Composite Benchmarks
This chapter provides composite metrics for all survey respondents across all sectors and organization sizes. The sample includes over 300 organizations and is stratified by size and sector as described in the survey methodology section. Respondents must have at least $50 million in annual revenue or IT spending greater than $1 million, and maintain at least some operations in the US or Canada. There is no upper limit on the size of survey respondents.
August, 2025
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IT Spending and Staffing Benchmarks 2025/2026: Chapter 11: Telecommunications
Chapter 11 focuses on benchmarks for the telecommunications sector, encompassing various organization sizes. The respondents in this sector typically include wireline and wireless carriers, internet service providers (ISPs), cable operators, and other communications service providers. The 27 companies in our sample range in annual revenue from approximately $50 million to well over $100 billion.
August, 2025
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IT Spending and Staffing Benchmarks 2025/2026: Chapter 32: Brick-and-Mortar Retail Subsector Benchmarks
Chapter 32 provides benchmarks for brick-and-mortar retailers. This subsector includes department stores, clothing stores, convenience stores, pet stores, pharmacies, hardware stores, nonprofit retailers, furniture retailers, agricultural retailers, and other retailers. The 38 respondents in this sample have annual revenues ranging from about $150 million to over $200 billion.
August, 2025
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IT Spending and Staffing Benchmarks 2025/2026: Chapter 48: Government Agencies Subsector Benchmarks
Chapter 48 provides benchmarks for federal, state, and regional government agencies. This category includes public health agencies, courts and law enforcement agencies, organizations that provide IT services to government agencies, social service agencies, state parks, and other federal, state, and regional government units. The 15 respondents in the sample have operating budgets that range in size from about $50 million to about $70 billion.
August, 2025
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Banking Process Transformation 2023 Market Insights™
The Banking Process Transformation 2023 Market Insights™ assists organizations in identifying important demand-side trends that are expected to have a long-term impact on any banking process transformation engagement. The report also highlights key challenges that banking entities face today.
May, 2023
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Higher Education Digital Services 2023–2024 RadarView™
The Higher Education Digital Services 2023–2024 RadarView™ helps higher education institutes craft a robust business strategy based on industry outlook, best practices, and digital transformation. The report can also aid them in identifying the right partners and service providers to accelerate their digital transformation in the higher education space. In addition, the 49-page report highlights top market trends in the higher education space and Avasant’s viewpoint on them.
July, 2023
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Digital Masters 2023 RadarView™
The Digital Masters 2023 RadarView™ assists organizations in identifying strategic partners for their digital transformation initiatives by offering detailed profiles for each service provider. It provides a 360-degree view of the provider’s capabilities and market standings in individual technology prerequisites, hyperconvergence of technologies, and readiness for the future, along with a list of representative clients and brief client case studies. The 60-page report also provides our business forecasts for each Digital Master and Avasant’s viewpoint on them.
August, 2023
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Payroll Business Process Transformation 2023–2024 Market Insights™
The Payroll Business Process Transformation 2023–2024 Market Insights assists organizations in identifying important demand-side trends that are expected to have a long-term impact on any payroll transformation project. The report also highlights the evolution of the payroll function and emerging priorities of payroll professionals.
November, 2023
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