IT spend as share of revenue worldwide 2023, by region

Published by
Ahmed Sherif,
Nov 21, 2023
North American companies are investing in technology initiatives at a higher level than European organizations, with IT spending accounting for 13 percent of company revenue. European companies' IT expenditure lags behind the global average, which stood at 10 percent of company revenue at the time of the survey.

IT spending as share of company revenue in 2023, by region

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Release date

November 2023

Region

Worldwide

Survey time period

2023

Number of respondents

506 respondents

Special properties

Executives and high-level managers in IT with visibility into their organizations' overall IT budgets; Organizations with at least 2,000 employees

Method of interview

Questionnaire

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Overview

6

Segment: Software and hardware

6

Segment: Services and cloud

5

Segment: Public sector and government

4

Companies: IT vendors

6

Special focus: AI investments

6

Further related statistics

10

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Statistics

Topics

IT budgets & investmentsCloud computingEnterprise softwareDatabase softwareSecurity software
Access all statistics starting from $2,388 USD yearly *

* For commercial use only

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For single users
$0 USD
Always free
Access limited to Free Statistics. Premium Statistics are not included.
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$199 USD
per month, billed annually 1
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For teams of up to 5 people
$959 USD
per month, billed annually 1
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