It is the end of the year and budgets for next year are in the preparation phase. It is never a surprise when IT budgets are the first to take a hit. With a recession looming on the horizon, that likelihood is even more present. This interesting information came to our attention from Data Quest in their article, “Trends 2020: What is changing for cloud computing in coming year?”
Research firm Gartner did a spending forecast study for 2020 in India, and the results showed that business spending on IT is expected to increase by a healthy 9% in 2020. This is against a growth of 6% in 2019, which re-iterates the fact that the Indian enterprises are pacing toward a highly positive year.
IT spending growth is being driven by the rest of the world catching up on cloud spending. The U.S. is leading cloud adoption and accounts for over half of global spending on cloud. Gartner predicts that organizations with a high percentage of IT spending dedicated to the cloud will become the recognized digital leaders in the future.
Melody K. Smith
Sponsored by Data Harmony, a unit of Access Innovations, the world leader in indexing and making content findable.