IT Budget And Spending In The 'New Normal' World.

Curated by: Sunil Kumar, Founder-Director, Aplomb Cloud.

Sep 02, 2020 | 2 minutes read

As businesses shrink their operating budgets, IT spending gets reprioritised. So, what’s happening with it? Here’s our list of 10 bite-sized info-nuggets for you to snack on:

1. Overall IT spending will decline by 8% this year. (Source: Gartner)

2. Spending on traditional non-cloud infrastructure plunged 16.3% year-over-year. (Source: IDC)

3. Public cloud services are predicted to grow 19% this year. (Source: Gartner)

4. 54% of CFOs plan to make remote work a permanent option. (Source: PWC)

5. Cloud-based telephony and messaging and cloud-based conferencing are also predicted to grow 8.9% and 24.3% respectively. (Source: Gartner)

6. Top 3 industries with maximum Impact of COVID-19 on IT operational budgets in 2020: (Source: Computer Economics 2020)
a. Transportation (-10% to -15%)
b. Health Care (-8% to -15%)
c. Higher Education. (-5% to -15%)

7. 57% of organizations are leaving their IT budgets unchanged and 30% are decreasing them.(Source: Forbes)

8. 61% of organizations are leaving capital IT budgets unchanged and 28% are reducing them. (Source: Forbes)

9. 32% of IT budgets will be dedicated to the cloud by 2021. (Source: IDC Cloud Computing)

10. 11% of organizations surveyed are increasing their capital IT budgets, most likely to accelerate new digitally based business models that can improve remote customer buying and service experiences at scale. (Source: Forbes)

Drop us an email for a more detailed report including for industries such as Financial Services, Retail, Professional Services, Public Sector, Manufacturing, Energy/Utilities and High-tech. Click here.

And if you are losing customers to competition and compromising on growth for want of expertise in Cloud and IT skills then talk to us. Our services are designed to complement and enhance your existing IT capabilities. visit our services webpage here.


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#ITConsulting #CloudServices #NewNormal #ITBudget #AplombCloud #ITProviders #Telcos #ITServices #ITStrategy #ChangeManagement #CloudStrategy #Strategicdesign #DigitalTransformation #ITSupport #CloudMigration

Popular Posts


#ITConsulting #CloudServices #NewNormal #ITBudget #AplombCloud #ITProviders #Telcos #ITServices #ITStrategy #ChangeManagement #CloudStrategy #Strategicdesign #DigitalTransformation #ITSupport #CloudMigration