How Will COVID-19 Will Impact Future IT Budgets?

Share post:

A recent TechRepublic Premium survey found that 43% of respondents believe that their companies would see the uncertainty of COVID-19 as a necessary factor in their IT budget plans for 2022, compared to 23% of respondents who believe that COVID-19 would not impact their IT budget for 2022.

The survey also revealed that 27% of respondents expect an increase in spending on network and internet security, while 22% forecast an increase in the budget for IT technology remotely.

The top five priorities of the IT budget for 2022, according to respondents, include improving network and internet security, cloud services, digital transformation and staff training.

The report surveyed 122 SMB decision-makers on their IT budgets for 2022 and delved into a range of topics, from how the coronavirus crisis would impact budgets for 2022, to IT priorities and initial IT budget recommendations.

For more information, read the original story in Tech Republic.

Featured Tech Jobs

SUBSCRIBE NOW

Related articles

Tesla’s stock nosedives, making it the worst performing stock in S&P 500

Tesla, the electric vehicle giant once celebrated for its market-defying success, has hit a significant slump, becoming the...

CISOs are both anxious and see opportunities: Report

In the face of increasing pressure job satisfaction of CISOs fell compared to the previous report. But opportunities are increasing

Elon Musk: Allegation of illegal drug use concern board and investors

Elon Musk, the renowned CEO of Tesla and SpaceX, is currently embroiled in controversy following allegations of possible...

BlackBerry names new CEO, will split cybersecurity and IoT businesses

BlackBerry’s new leader is the former head of its cybersecurity business unit. The Waterloo, Ont., company said this morning that John Giamatteo is its new chief executive officer and a member of its board of directors, effective immediately. Richard Lynch, who has served as interim chief executive officer since Nov. 4, after the departure of

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways