In 2023, companies allocated 10 percent of their IT budget to infrastructure hardware. However, in the coming 12 months, they anticipate reducing this allocation to 8 percent, while increasing investment in application modernization from 14 to 17 percent.
What was your initial IT budget? How do you foresee it changing in the next 12 months?
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Rackspace. (January 15, 2024). What was your initial IT budget? How do you foresee it changing in the next 12 months? [Graph]. In Statista. Retrieved November 18, 2024, from https://www.statista.com/statistics/1449751/forecast-it-budget-changes-worldwide/
Rackspace. "What was your initial IT budget? How do you foresee it changing in the next 12 months?." Chart. January 15, 2024. Statista. Accessed November 18, 2024. https://www.statista.com/statistics/1449751/forecast-it-budget-changes-worldwide/
Rackspace. (2024). What was your initial IT budget? How do you foresee it changing in the next 12 months?. Statista. Statista Inc.. Accessed: November 18, 2024. https://www.statista.com/statistics/1449751/forecast-it-budget-changes-worldwide/
Rackspace. "What Was Your Initial It Budget? How Do You Foresee It Changing in The next 12 Months?." Statista, Statista Inc., 15 Jan 2024, https://www.statista.com/statistics/1449751/forecast-it-budget-changes-worldwide/
Rackspace, What was your initial IT budget? How do you foresee it changing in the next 12 months? Statista, https://www.statista.com/statistics/1449751/forecast-it-budget-changes-worldwide/ (last visited November 18, 2024)
What was your initial IT budget? How do you foresee it changing in the next 12 months? [Graph], Rackspace, January 15, 2024. [Online]. Available: https://www.statista.com/statistics/1449751/forecast-it-budget-changes-worldwide/
