Friday, July 16, 2021

SMB IT Spending to Return to Pre-Covid Levels in 2022

One legitimate question we all should have is what changes are relatively permanent post Covid and which trends revert to the mean (back to pre-Covid states). Most might agree that various attempts at “digital transformation” have accelerated. The issue is whether we have simply accelerated temporally, but at similar rates, or whether the rate of change has increased. Nobody seems to believe demand has decreased. 


Analysys Mason suggests that on at least one metric--the volume of information technology investment--Covid caused a change in investment. Analysys Mason also believes the rate of investment will return to pre-Covid levels in 2022. 


Many industries will be making bets about the level of demand for all sorts of  products as “normalcy” returns. 


source: Analysys Mason 


Irrespective of investment levels, virtually everyone expects more growth for cloud computing solutions. In some respects, that is a simple reflection of the fact that computing architecture has changed. Cloud or remote computing now is the norm, as apps are nearly universally expected to be consumable using internet networks.


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