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Breaking Analysis: Tech Spending Roars Back in 2021
February 1, 2021
Tech spending is poised to rebound as the economy re-opens in 2021. CIOs and IT buyers expect a 4% increase in 2021 spending and we believe the number will actually be higher-- in the 6-7% range. Drivers are: continued fine-tuning of and investment in digital strategies-- e.g. cloud, security, AI, data, and automation. Application modernization initiatives continue to attract attention. We also expect more support with work from home demand - e.g. laptops. We’re even seeing pent up demand for data center infrastructure.
The major risk to this scenario remai...Read more