Friday, 24 March, 2023

Insights into Spicework’s report on future IT spend trends

<p>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.</p>