Forecast Report

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 3rd, 2020
Andrew Bartels, null
Andrew Bartels
With contributors:
Pascal Matzke , Audrey Hecht

Summary

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.

Want to read the full report?

Contact us to become a client

This report is available for individual purchase ($1495).

Forrester helps business and technology leaders use customer obsession to accelerate growth. That means empowering you to put the customer at the center of everything you do: your leadership strategy, and operations. Becoming a customer-obsessed organization requires change — it requires being bold. We give business and technology leaders the confidence to put bold into action, shaping and guiding how to navigate today's unprecedented change in order to succeed.