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

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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