The Recovery of IT Spending in 2021

August, 2021

The Recovery of IT Spending in 2021

In a remarkable bounce back from the onset of the worldwide pandemic, three quarters of companies this year are poised to increase their IT operational budgets, a record in the cloud era. Organizations across nearly every sector and company size are planning IT budget increases in line with pre-COVID-19 economic conditions. Are happy days here again? Mostly, with some caveats.

Based on the results of the 32nd annual Computer Economics IT spending benchmarks survey just completed, our digital forum outlined how companies are responding to the pandemic recovery. Frank Scavo, president of Avasant Research, and David Wagner, senior research director at Avasant Research, discussed these latest IT spending trends, including:

  • The depth and breadth of IT budget increases
  • How spending priorities are changing in the recovery
  • Staffing roles most in demand for the new economy
  • Other findings from our flagship IT spending and staffing study

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Avasant’s research and other publications are based on information from the best available sources and Avasant’s independent assessment and analysis at the time of publication. Avasant takes no responsibility and assumes no liability for any error/omission or the accuracy of information contained in its research publications. Avasant does not endorse any provider, product or service described in its RadarView™ publications or any other research publications that it makes available to its users, and does not advise users to select only those providers recognized in these publications. Avasant disclaims all warranties, expressed or implied, including any warranties of merchantability or fitness for a particular purpose. None of the graphics, descriptions, research, excerpts, samples or any other content provided in the report(s) or any of its research publications may be reprinted, reproduced, redistributed or used for any external commercial purpose without prior permission from Avasant, LLC. All rights are reserved by Avasant, LLC.

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