Tech Spending Intentions are Holding Despite Macro Concerns

Despite fears of inflation, supply chain issues, skyrocketing energy and home prices and global instability caused by the Ukraine crisis, CIOs and IT buyers continue to expect overall spending to increase more than 6% in 2022. While this is lower than our 8% prediction made in January of this year, it remains in line with last year’s roughly 6-7% growth and is holding firm with the expectations reported by tech executives last quarter. In this Breaking Analysis we update you on our latest look at tech spending with a preliminary take from ETR’s latest macro drill down survey. We’ll share some insights as to which vendors have shown the biggest change in spending trajectory and ask the technical analysts in our community to give us a read on what they think it means for technology stocks going forward. 

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