New research conducted by DSA Connect shows that more than four out of five IT directors expect a budget increase from their employer as companies play catch-up with projects put on hold during the COVID-19 pandemic.
Around 84% of IT directors in the UK expect their employers to boost budgets in the year ahead with one in six (16%) expecting a substantial increase as employees gradually return to offices and businesses welcome back more staff.
Our study found that IT directors are predicting average increases of around 55% for onsite data destruction services while spending on end of life IT services is forecast to grow by an average 51%. Budgets for recycling are expected to increase by 50% on average in the year ahead while spending on data erasure is forecast to rise by an average 47%, as the table below shows:
Average Budget Increase
How Many Expect Expenditure Increases
On-site data destruction
End of life IT services
Recycling of IT
Data erasure services
It is clear that companies have held back on a wide range of investment during the pandemic, but that is set to end with IT directors confident of budget increases for the year ahead.
A major focus will be IT disposal services with forecasts that spending will rise by around 50% year on year underlining the importance of IT disposal following the pandemic boom in working from home and using more equipment.