TECH SUPPLIER Jun 2022 - Market Presentation - Doc # US49287522

Technology Is the Foundation for Overcoming Storms of Disruption

By:

Rick Villars
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,
Stephen Minton
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,
Joseph C. Pucciarelli
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,
Penny Madsen
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,
Avneesh Saxena
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,
Lianfeng Wu
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,
Alejandro Florean
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,
Ewa Zborowska
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,
Jean Phillippe Bouchard
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On-line Presentation

Abstract

This IDC Market Presentation, available to all IDC clients, provides insights based on forecasts from the May 31, 2022, Black Book Live and results from IDC's 2022 Future Enterprise Resiliency and Spending Survey, Wave 3, of 828 IT and business leaders around the world conducted in April 2022.

2021 was a year of significant growth (12%) in IT spending (the first year of double-digit y/y growth since 2000) as organizations attempted to move beyond the challenges of the past two years. Over the first four months of 2022, a series of disruptions including supply chain breakdowns, increased inflation, and war battered enterprises around the world. We wanted to see how these ongoing storms of disruption continue to affect technology investment and operational priorities.

IT and business leaders in enterprises around the world are assessing risks and addressing cost management for their growing portfolio of cloud, development, and infrastructure hardware/software assets. IT decision makers indicate how concerns about inflation as of April 2022 are affecting investment plans in major technology sectors, but concerns about IT supply chains and skills shortages are also critical issues. Two-thirds or more of IT leaders around the world do not anticipate that general inflation and IT supply chain issues will alter cost assumptions in any specific sectors, while the most likely strategy is to increase their ICT budgets rather than delaying technology investments. Europe is the one region that is more likely to delay/alter investments than increase budgets.

"IT leaders around the world anticipate that general inflation and IT supply chain issues will alter cost assumptions, but they also recognize that technology will play a critical role in navigating disruption. IT teams must bring greater financial accountability to the variable spend models of SaaS and digital infrastructure, making trade-offs between speed, cost, and quality." — Rick Villars, group vice president for Worldwide Research at IDC


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