Try our corporate solution for free!
(212) 419-8286
hadley.ward@statista.com

IT budgets - Statistics & Facts

As the digital transformation is underway and accelerating in many industries, the information technology (IT) infrastructure of organizations is becoming increasingly crucial to an organization’s success. This is true across most sectors, including business, government, and non-profit.

The overall global spending of businesses and governments on tech goods and services is a trillion-dollar industry today that can be broken down into different segments and deployment types to account for the individual spending.

The role of technologies in value creation is affecting budgets and investments

Despite the COVID-19 pandemic taking its toll on investment plans, IT budgets remain an important cornerstone to organizations around the world. IT budgets are likely to recover as business success today correlates with technology competence, which is illustrated by the convergence of technology and business strategy. Companies rely on technologies to improve customer experiences as much as they utilize them to enhance management processes.

All in all, smart investments in technologies help companies out-innovate competitors and remain agile and highly adaptive in a quickly changing global marketplace. However, it should be noted that the size of a company does play a role in how businesses allocate their IT budgets. Smaller companies tend to spend a higher share on software and hardware whilst larger companies have a greater demand for managed services.

Different types of products that receive investments

It is not surprising that businesses are investing in a plethora of technologies to make their business operations more efficient. For example, companies invest in machine learning, artificial intelligence, cloud computing, and blockchain to secure competitive advantages in the market. Other priorities for investments include digital transformation and cybersecurity. Finally, data centers and spending on the underlying information technology infrastructure ensure a properly working business environment.

Key figures

The most important key figures provide you with a compact summary of the topic of "IT budgets & investments" and take you straight to the corresponding statistics.

Budget allocation

Priorities & challenges

IT vendors worldwide

Interesting statistics

In the following 7 chapters, you will quickly find the {amountStatistics} most important statistics relating to "IT budgets & investments".

IT budgets & investments

Dossier on the topic

All important statistics are prepared by our experts – available for direct download as PPT & PDF!
TOP SELLER

IT budgets - Statistics & Facts

As the digital transformation is underway and accelerating in many industries, the information technology (IT) infrastructure of organizations is becoming increasingly crucial to an organization’s success. This is true across most sectors, including business, government, and non-profit.

The overall global spending of businesses and governments on tech goods and services is a trillion-dollar industry today that can be broken down into different segments and deployment types to account for the individual spending.

The role of technologies in value creation is affecting budgets and investments

Despite the COVID-19 pandemic taking its toll on investment plans, IT budgets remain an important cornerstone to organizations around the world. IT budgets are likely to recover as business success today correlates with technology competence, which is illustrated by the convergence of technology and business strategy. Companies rely on technologies to improve customer experiences as much as they utilize them to enhance management processes.

All in all, smart investments in technologies help companies out-innovate competitors and remain agile and highly adaptive in a quickly changing global marketplace. However, it should be noted that the size of a company does play a role in how businesses allocate their IT budgets. Smaller companies tend to spend a higher share on software and hardware whilst larger companies have a greater demand for managed services.

Different types of products that receive investments

It is not surprising that businesses are investing in a plethora of technologies to make their business operations more efficient. For example, companies invest in machine learning, artificial intelligence, cloud computing, and blockchain to secure competitive advantages in the market. Other priorities for investments include digital transformation and cybersecurity. Finally, data centers and spending on the underlying information technology infrastructure ensure a properly working business environment.

Contact

Get in touch with us. We are happy to help.
Statista Locations
Contact Hadley Ward
Hadley Ward
Sales Manager– Contact (United States)

Mon - Fri, 9am - 6pm (EST)

Contact Ziyan Zhang
Ziyan Zhang
Customer Relations– Contact (Asia)

Mon - Fri, 11:30am - 10pm (IST)

Contact Kisara Mizuno
Kisara Mizuno
Customer Success Manager– Contact (Asia)

Mon - Fri, 9:30am - 5:30pm (JST)

Contact Lodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)

Mon - Fri, 9:30am - 5pm (GMT)

Contact Catalina Rodriguez
Catalina Rodriguez
Key Account Manager - LAC– Contact (Latin America)

Mon - Fri, 9am - 6pm (EST)