Information technology market watchers are already telling us that next year’s IT budgets are trending upward. According to one industry watcher*, 44% of organizations will be boosting their 2020 IT budgets — and will do so by an average of 18%.
Since the why behind these numbers can provide important insights into what sort of IT spending will help you stay competitive, here’s a closer look…
About 25% of larger firms (1,000+ employees) will boost IT spend due to a recent security incident.
By 2021, adoption of edge computing, hyperconverged infrastructure, and serverless computing will double.
Also by 2021, adoption of AI-based technologies will nearly triple, and adoption of 5G will increase by a factor of five, with two-thirds of the largest organizations (5,000+ employees) expected to deploy 5G by then.