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?
Characteristic
Original IT budget allocation
New IT budget
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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 July 08, 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 July 08, 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: July 08, 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 July 08, 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/