target audience: TECH SUPPLIER Publication date: Jan 2024 - Document type: IDC Survey - Doc Document number: # US49820123
Worldwide Monthly Technology Investment Monitor, October 2023: IT Leaders' Economic/IT Spending Attitudes, Professional/Managed Services Spending, Security Products/Services, and GenAI 2024 Budgets
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Abstract
This IDC Survey presents the Worldwide Monthly Technology Investment Monitor for October 2023.
IT leaders continued to face an array of conflicting challenges in the second half of 2023 as they continued to anticipate potential economic disruptions and react to the emergence of generative AI (GenAI) as a major technology development. They also started to be more concerned about economic conditions in 2024 as they began to think about budgets. In October 2023, IDC connected with IT leaders around the world to gain an insight into how they continue to navigate disruptions and prioritize technology investments, especially related to security, professional services, and GenAI.
In IDC's Future Enterprise Resiliency and Spending Survey, Wave 9, IDC asked 888 IT decision makers in North America, Asia/Pacific, and Western Europe to indicate how concerns about inflation, recession skills shortages, GenAI, and other developments are affecting technology investments for the next year.