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Tech Spending Expected to Rise as Pandemic Restrictions Ease, Economy Improves

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More money will be spent on IT this year.

Forrester Research's forecast of U.S. enterprise IT spending this year has been revised upward.

Credit: CRN

Market researcher Forrester Research has revised its 2021 forecast of U.S. enterprise information technology (IT) spending growth from 6% to 7.4% over 2020 levels, the result of increased stimulus funding, the easing of pandemic restrictions, and stronger than anticipated economic data.

Forrester's Andrew Bartels said communications gear is the fastest-growing spending area, projected to increase 13.2% as offices reopen.

Spending on software, the second-fastest-growing IT category, is expected to rise 10.4% this year, up from an April forecast of 9.7%.

Process automation and AI software spending should increase 33% and 13%, respectively, while security software investing is expected to climb 11%.

Said Bartels, “Activities are coming back again, and as they do so, [businesses] become buyers of technologies to support the reopening.”

From The Wall Street Journal
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