With inflation at a 40-year high, soaring energy costs, and a plunging stock market, what’s the outlook for IT and B2B tech spending in 2023? The answers may surprise you.
Spiceworks Ziff Davis (SWZD) just released its 2023 State of IT research report. It’s a fascinating read, but tl;dr it clocks in at nearly 5,000 words(!).
What, me worry? (Most) IT budgets set to rise.
Despite the fact “83% of companies are concerned about a recession in 2023” and are taking various steps to prepare (e.g., “reducing non-essential spending”—seriously, when do enterprises ever spend money on things that aren’t essential?), more than half of the companies surveyed plan to increase IT spending in the coming year, while just 6% anticipate cutting budgets.