DSA Connect - IT Budgets Set To Boom Over The Next 12 Months

IT Budgets Set To Boom Over The Next 12 Months

 

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:

 

IT Service Average Budget Increase How Many Expect Expenditure Increases
On-site data destruction 55% 96%
End of life IT services 51% 91%
Recycling of IT 50% 86%
Data erasure services 47% 95%

 

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.

 

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