Snap Chart
The IT spending picture looks much brighter in 2021 for US companies, according to a recent Bain & Company survey of a cross section of IT decision makers. Last year, the Covid-19 pandemic and subsequent economic shock led companies of all sizes to cut their IT budgets, in many cases by up to 20%. Now, things appear to have stabilized. Most companies surveyed said they plan to increase or at least maintain their technology spending in 2021, compared with 2020 levels. Only a third of large and medium-size companies plan to cut their IT spending this year, and no small companies surveyed plan to do so.
Technology Report 2020: Taming the Flux
Bain’s inaugural report on the state of the industry examines how leading companies are investing in tools to increase resilience and accelerate growth.