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Cybersecurity spending to grow this year but may be hit by budget constraints

Tech Republic Security

Spending on security products and services for 2020 could increase as much as 5.6%, or as little as 2.5%, depending on the economic impact of the coronavirus on IT budgets, says Canalys.

Budget 517
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3% IT budget increases fueled by AI, security, networking

Network World

IT budgets are seeing modest increases, according to recent survey data, with businesses looking to invest their IT dollars in artificial intelligence, data analytics, networking and more. Essentially, only companies in dire financial straits are likely to be cutting IT budgets. Avasant Research polled 371 organizations in the U.S.

Budget 456
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Businesses Rewrite 2020 Budgets and Plans Amid COVID-19

Information Week

A few new surveys of executives and business leaders provide some insight into shifting plans as industry weathers the coronavirus pandemic.

Budget 507
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Slowing Growth For US Tech Budgets In 2020 And 2021, Varying By Industry

Forrester IT

Even before the threat of coronavirus, the US economy was poised for a slowdown in 2020. Slowing real GDP growth of 2% or less in turn will lead to slower growth of US tech budgets: from 4.5% in 2020 and 4% in 2021, according to Forrester’s latest US tech budget forecast: […]. in 2019 to 4.2%

Budget 322
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2020 IT Budgets Are Up, But.

Information Week

A Spiceworks report highlights the where's and why's of 2020 IT budget plans.

Budget 270
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How Enterprises Prioritized AI in 2020

Information Week

Last year at this time, IT leaders were creating budgets and plans for AI initiatives. Here's how a pandemic impacted them.

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Privacy budgets soared in 2020, doubling to an average of $2.4 million

Tech Republic Security

93% of organizations turned to privacy teams to help navigate the COVID-19 pandemic, a new Cisco report finds.

Budget 454