target audience: TECH SUPPLIER Publication date: Feb 2023 - Document type: Web Conference Proceeding: Tech Supplier - Doc Document number: # US50427823
State of the Market: IT Spending by Industry, 2023
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Abstract
This IDC Web Conference provides an update on the current state of the global IT market, and the outlook for technology budgets in 2023, with a special focus on the latest forecasts for IT spending by vertical industry. As the global economy remains volatile and teetering on the edge of a possible recession, IT budgets are facing increased scrutiny as businesses seek to identify areas for potential cost savings and spending cuts. Surveys continue to suggest that technology projects are highly prioritized by most organizations, but the reality of an economic recession will lead to disruption and short-term delays or adjustments to IT projects.