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For CIOs

2020 To 2021 US Tech Budgets: The Industry Outlook

CIOs Should Tighten Their 2020 To 2021 Tech Budgets Based On Slowing But Still Positive US Economic Growth

March 3, 2020

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Why Read This Report

The US tech budget outlook for 2020 and 2021 is getting darker, but growth will still be positive with a low risk of an actual downturn. In this report, we provide our 2020 to 2021 forecasts for the overall US tech market and our 2020 projections by industry for tech spending and high-level tech budget for tech spending as a percentage of revenues. We also address each industry's tech spending by category and by focus. CIOs should read this report to compare their 2020 tech budgets with the outlook for tech spending in their industry and see where adjustments may be warranted.

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Table of Contents

  • A Slowing US Economy Will Cut Tech Budget Growth In 2020 To 2021
  • Manufacturers And Retailers Will Hold Down Their Tech Budgets
  • Retail And Financial Services Will Invest The Most In BT
  • Budget Benchmarks Help CIOs Plan For Their Industry In 2020
  • The Coronavirus Brings Uncertainties Into The Tech Market Outlook
  • Recommendations

  • CIOs In Most Industries Should Tighten Tech Budgets In 2020
  • Supplemental Material
  • Related Research Documents

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