Businesses are spending more on IT this year

May 26, 2022

Prices are shooting up everywhere right now.

Inflation is up . . . the price of gas is up . . . and of course, energy prices are rising for many.

Despite this, new research says spending on IT is increasing, too. And globally, it should hit a massive 4.4 trillion dollars this year.

Businesses are happy to keep spending on IT to stay flexible, maintain good data security, and reduce costs in the long term.

What are they spending the money on?

Often, it’s putting more systems online – things like servers, data storage, and service delivery.

There’s also increased spending on software, infrastructure, and managed services from partners like us.

Money is also going towards devices. For example, 824 million dollars will be spent on hardware this year thanks to upgrades and working remotely.

If you’re planning to invest in your IT in the next six months, this would be a great time to check in with your IT partner.

We can help you step back and take a big picture look at what you want to achieve . . . before you start spending.

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