Note: While anticipated revenue increases in 2022 will be a factor influencing almost one-third of budget increases (32%), they’re not the primary driving force.
With technology serving as the great enabler allowing businesses to stay productive during the pandemic, more than a third of IT budgets will remain on an upward trajectory for reasons relating to COVID-19.Īdditionally, increased security concerns and employee growth have made a resurgence as drivers for IT budget growth this year, as many businesses look to secure workers both in-office and at home. In 2022, the top factor driving companies to increase budgets is an elevated priority on IT projects (49%), which could indicate multi-year modernization efforts that were accelerated by remote work, and a steady shift to cloud-based services have chipped away at legacy technology. While still a factor influencing 47% of organizations planning on IT budget growth, the need to bring older infrastructure up-to-speed fell to the second spot this year. Since we started tracking spending drivers among businesses planning to increase IT budgets, the need to modernize out-of-support technology has always been at the top of the list. Our data suggests the digital transformation efforts kickstarted by the rush to remote work will have an ongoing influence on future tech spend. With organizational plans to spend more on tech in 2022 on our radar, we can hone in on exactly how businesses will increase investments in IT. Despite these perceived obstacles, our annual study - which tracks trends over multiple years - reveals that businesses are upbeat about the future, and more willing to invest in tech now than in the past two years. Our analysis: Businesses expect a continuation of pandemic-related challenges in 2022. To gain greater visibility into the legacy of these shifts as companies adjust and prepare for new market dynamics, Spiceworks Ziff Davis (SWZD) scanned the IT landscape by surveying more than 1000 technology buyers in companies across North America and Europe. To help newly remote employees remain productive while working from home, resilient and hardworking IT departments deployed technologies essential for empowering a remote workforce.Īt the same time, the global crisis caused economic uncertainty amid lockdowns and unexpected interruptions to well-established systems, prompting many businesses to cut back on non-essential expenses… including some tech spending plans. A worldwide rush to remote work ensued as the pandemic spread - permanently altering how much of the world does business. Throughout 20, the emergence of COVID-19 triggered global, profound shifts in the tech landscape.