COVID-19 made businesses significantly increase spending on IT

The research sheds light on the changes that companies experienced or implemented

IT

COVID-19 made businesses significantly increase spending on IT. Source: shutterstock.com

According to research, organizations are expected to spend more on IT resources with notable increases in security spending. The data has found that information security spending grew more common by 28%, compared to 15% in March.

Meanwhile, organizations are spending more on communication and collaboration technologies (50%), employee devices and services (43%), information security tools (42%), and network capacity (38%).

At the same time, companies aren’t in a rush to head back to workplaces. Nevertheless, about 19% of businesses aim to have employees return to offices as soon as local regulations allow. 25% of them will wait a month or more whereas another 24% haven’t yet determined any timeline.

As organizations are heading back to the office in the wake of COVID-19, it is important to quantify what changes materialized during these past few months as a potential indication for the future of work. Leveraging timely data from our flash survey capabilities can help us better understand these changes and overall market sentiment while enabling organizations to make informed business decisions during times of uncertainty
Liam Eagle, Head of Voice of the Enterprise Research at 451 Research, part of S&P Global Market Intelligence

We’ve reported that Motorola Solutions has announced the acquisition of IndigoVision, a UK-based provider of end-to-end video security solutions.

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