CIOs Signal Hybrid Work Will Power Tech Spending Through 2022
siliconANGLE, September 27th, 2021
October 10, 2021,
Volume 283, Issue 1

Throughout the pre-vaccine COVID era, information technology buyers indicated budget constraints would squeeze 2020 spending by roughly 5% relative to 2019 levels

Dave Vellante writes in siliconANGLE, "But the forced march to digital, combined with increased cybersecurity threats for remote workers, created a modernization mandate that powered fourth-quarter spending last year.

This momentum has carried through to 2021. Although COVID variants have delayed return-to-work and business travel plans, our current forecast for global IT spending remains strong at 6% to 7%, slightly down from previous estimates. But the real story is that chief information officers and IT buyers expect a 7% to 8% increase in 2022 spending, reflecting investments in hybrid work strategies and a continued belief that technology remains the underpinning of competitive advantage in the coming decade..."

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