Every year, CIOs look for tech budget benchmarks to defend tech spending levels to business partners and to help determine where their firm may be overspending or underspending on technology. In this report, Forrester provides our 2016 benchmarks on tech spending by industry as a percentage of revenues, using data from our Global Business Technographics Budgets Survey, 2015 survey. We also provide data on tech budget distributions by activity, spend category, function, and capital versus operating budgets, and advice on how to interpret and use this data.