Increase of IT budgets over time worldwide 2005-2023
In 2021, the share of CIOs and IT leaders worldwide that saw an increase in their company's IT budget over the last 12 months peaked at 60 percent. Over the last ten years, the share of companies that saw an increase in their IT budget has continuously risen. The global COVID-19 pandemic has impacted this trend, as only 43 percent of CIOs and IT leaders who were surveyed after the outbreak expected an increase in the IT budget moving forward. Before the COVID-19 pandemic, 51 percent expected their companies' IT budget to increase when surveyed in early 2020.
