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
AB
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.

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