Forecast Report

US Tech Market Outlook For 2021: After The Election

How Politics, The Pandemic, And The Economy Will Shape Industry Tech Budgets

December 3rd, 2020
With contributors:
Matthew Guarini , Audrey Hecht

Summary

The pandemic continues, and we'll feel its ongoing impacts throughout 2021. In this report, we provide our projections by industry for tech spending and the split of tech budgets between new projects and MOOSE and between business technology and back-office technology spending. We also provide high-level benchmarks for tech spending as a percentage of revenues by industry and the mix of each industry's tech spending by category. CIOs should read this report to compare their 2021 tech budgets with the outlook for tech spending in their industry and see where adjustments may be warranted.

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