Enterprise software buying patterns have responded quickly to the Covid-19 crisis, with more than half of buyers saying they have already cut their overall software budgets. Among software categories, some are emerging as priorities that warrant additional spending, especially collaboration and security, as more employees work from home during lockdowns. However, buyers are putting off purchases where they can, including application software suites like analytics, enterprise resource management and customer relationship management. Plans to purchase infrastructure tools remain relatively stable.
The global Covid-19 pandemic has extracted a terrible human toll and spurred sweeping changes in the world economy. Across industries, executives have begun reassessing their strategies and repositioning their companies to thrive now and in the world beyond coronavirus.