target audience: TECH SUPPLIER Publication date: Jun 2023 - Document type: IDC Survey - Doc Document number: # US49819723
Worldwide Monthly Technology Investment Monitor: June 2023 —Continued Economic Uncertainty for IT Leaders, Interesting Digital Platforms, and Sustainability Requirements
This IDC Survey examines the worldwide monthly technology investment monitor for June 2023. After a year of disruptions from high inflation to war and geopolitical tension to energy shocks to anticipation of recession in major countries, it's no surprise that IT leaders entered 2023 with a mission to restrain technology investments and to develop preprepared plans for executing spending cuts if conditions worsened. Despite the uncertainty, their teams were running full tilt, filling open positions and "catching up" with the business. A new concern that IDC heard from IT leaders starting in May was that the continued "waiting for recession" is starting to affect economic and IT investment assumptions for 2024, not just 2023.
IDC connected with IT leaders around the world in May 2023 to gain insights into how they are navigating disruptions and prioritizing technology investments. We also delved into how widely companies are adopting digital platforms to manage their enterprise application portfolio. In IDC's Future Enterprise Resiliency and Spending Survey, Wave 4, conducted in early May 2023, IDC asked 890 IT decision makers in North America, Asia/Pacific, and Western Europe to indicate how concerns about inflation, recession skills shortages, and other developments are affecting 2023 technology investments. We also asked IT leaders to discuss how sustainability requirements are affecting IT investment plans.