Forecast Report

US Tech Market Outlook For 2016 And 2017: Cloud And Business Caution Will Slow Growth

Cloud Reaches A Tipping Point In US Tech Budgets, Rippling Through All Categories

May 6th, 2016
With contributors:
Sharyn Leaver , Rachael Klehm , Ian McPherson

Summary

CIOs and other tech decision-makers will have to navigate conflicting positive and negative forces on their firms' tech spending in 2016 and 2017. On one hand, adoption of cloud is spreading to the core of corporate systems, increasing software-as-a-service (SaaS) deals and related services spending. On the other hand, uncertainties about energy prices, overseas growth, interest rates and equity markets, and the US elections foster caution and reduced tech spending for hardware and licensed software. This report lays out Forrester's analysis of how these conflicting forces will play in US tech markets in 2016 and 2017 and how CIOs should position their firms' tech spending plans.

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