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February 23, 2024

Data Point of the Week

Enterprise Strategy Group

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47% of organizations plan to increase their total IT spending in 2024 compared with 2023.

Source: Enterprise Strategy Group Research Report, 2024 Technology Spending Intentions Survey, February 2024.

While macroeconomic conditions have improved over the last several months, many businesses are still taking a cautious approach to spending. However, for many organizations, this is not an option when it comes to technology investments that underpin digital transformation efforts and increasingly serve as competitive differentiators. With this in mind, TechTarget’s Enterprise Strategy Group surveyed 938 senior IT and business decision-makers to ascertain IT budget outlooks for 2024, both overall and for specific technologies, and to determine the key business and technology priorities driving these spending plans.

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