Factors leading to increases in IT budgets in North America/Europe 2019-2024

Published by
Ahmed Sherif,
Oct 25, 2023
Over half of organizations in North America and Europe anticipate that the driver of their IT budget increase is due to the need to upgrade outdated IT infrastructure in 2024. At the same time, 48 percent of respondents stated that budget increases may also be a consequence of increased security concerns.

Top factors leading to an increase of IT budgets in companies in North America and Europe from 2019 to 2024

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Release date

September 2023

Region

North America, Europe

Survey time period

2019 to 2023

Number of respondents

883 respondents

Special properties

IT professionals

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Overview

6

Segment: Software and hardware

6

Segment: Services and cloud

5

Segment: Public sector and government

4

Companies: IT vendors

6

Special focus: AI investments

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Topics

IT budgets & investmentsCloud computingEnterprise softwareDatabase softwareSecurity software
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