target audience: TECH SUPPLIER Publication date: Sep 2023 - Document type: Market Presentation - Doc Document number: # US50119123
Digital Maturity and IT Spending: 3Q23 Check-In
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Abstract
This IDC Market Presentation examines data from IDC's Future Enterprise and Resiliency Spending (FERS) Survey, Wave 6, along with technology spending forecasts, to identify trends that are impacting IT spending in 3Q23.
We break down the survey data by self-selected digital maturity, looking at how that impacts an organization's IT spending, budget concerns, and investment priorities. There is clear influence on these factors as organizations become more digital, with the most notable being a greater likelihood to increase spending, which helps explain the overall trend of technology investment growth being largely driven by digital products and services. To wrap up the presentation, we offer takeaways and guidance for tech suppliers on how to approach their digital and nondigital clients based on this research into IT spending.