United States: Forecasts for tech budget growth 2020-2022
Tech budgets in the United States are expected to expand by 7.4 percent in 2021, and 6.7 percent in 2022. These forecasts are more positive than the foregoing ones. This is due to businesses reopening after the pandemic in the United States which leads to an overall positive impact on the growth of the economy. Notably, software spending will be especially strong compared to other tech categories.