Trends Report

2017 US Tech Budgets: The Outlook For Tech Spending Overall And By Industry

Steady US Economic Growth And The BT Agenda Will Drive 5% Tech Market Growth In 2017

October 17th, 2016
AB
Andrew Bartels
With contributors:
Matthew Guarini , Rachael Klehm , Ian McPherson

Summary

CIOs and their business partners prepare their tech budget plans based on their own businesses' strategy and requirements. Still, it can be useful to look at what other firms are doing, especially firms in their own industry. So, in this report, we provide our current forecast for the 2017 US tech market across multiple dimensions, including in aggregate and by tech category, business technology versus information technology, new project spending versus tech MOOSE, and industry. We also provide our preliminary tech budget benchmarks for tech spending as a percentage of revenues by industry and tech spending by category and the business technology (BT)/information technology (IT) split.

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