More than half of North American and European companies are expected to increase their IT budgets this year. Research from Bankless Times finds that they will raise their budgets by an average of 13% year on year.
The review of companies’ IT budgets for 2023 indicates relentless growth for the tech sector despite the looming recession in many of these economies. Only 6% of companies plan to cut their IT budgets.
The primary drivers of increasing IT budgets include:
Â
