Forecast Report

US Tech Market Outlook For 2021 And 2022

Pandemic Progress And Healthy Stimulus Lead The Way To 6% Tech Growth In 2021

April 26th, 2021
With contributors:
Matthew Guarini , Audrey Hecht

Summary

The outlook for the US economy and the US tech market is distinctly brighter than it was in December 2020, thanks to progress with COVID-19 vaccines and over $2 trillion in Federal economic stabilization spending. We now project that US tech budgets will expand by 6% in 2021. The strongest growth will be in software and services. And the economic recovery will shift tech budgets toward new project spending and toward front-office business technology. CIOs and tech leaders should read his report to build their 2021 tech budget.

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