Insights into Spicework’s report on future IT spend trends

1. Firms are likely to lessen the experimentation with emerging tech, leading to reducing the expenditure in that area in the coming years. 2. Investments in cloud, cybersecurity will remain a priority, with cloud moving from just being a back-up to operations. 3.Hardware budgets are expected to drop from 35% of the overall IT budget in 2019 to 31% in 2021. However, security hardware spend is set to grow; up 7% of the hardware spend in 2021 from 5% in 2019.

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