Increase of IT budgets over time worldwide 2005-2020

In 2019 and 2020 the share of CIOs and IT leaders worldwide that saw an increase in their company's IT budget over the last 12 months reached a record high with 55 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 is impacting this trend, as only 43 percent of CIOs and IT leaders that were surveyed after the outbreak now expect 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.