IT budget change for tech companies in North America and Europe 2020-2025

Published by
Ahmed Sherif,
Nov 28, 2024

IT budgets for tech companies in North America and Europe are on an upward trajectory, with 66 percent of respondents expecting an increase in 2024. Only four percent of respondents answered that their company's IT budget would decrease in 2025. This trend reflects the growing importance of technology investments in driving business growth and digital transformation.

IT budget change for tech companies in North America and Europe from 2020 to 2025

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Release date

November 2024

Region

North America, Europe

Survey time period

July to August 2024

Number of respondents

803 respondents

Special properties

IT professionals

Supplementary notes

Original question: "How do you expect your total IT budget to change (year-over-year)?"

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Overview

5

Segment: Software and hardware

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Segment: Services and cloud

5

Segment: Public sector and government

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Companies: IT vendors

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Special focus: AI investments

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IT budgets & investmentsCloud computingEnterprise softwareDatabase softwareSecurity software
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