Businesses to Increase Digital Budgets, Spending in 2021

Businesses to Increase Digital Budgets, Spending in 2021

IT spending across the META will make a welcome return to growth this year, increasing 2. 8 per cent to $77. 5 billion. Businesses have increased IT budgets for the current year as Covid-19 accelerates digital transformation paving growth in IT spending. A latest report from IDC indicates that after contracting 4. 9 per cent in 2020, IT spending across the Middle East, Turkey, and Africa (META) will make a welcome return to growth this year, increasing 2. 8 per cent to $77. 5 billion. The International Data Corporation (IDC) gathered more than 1, 000 senior executives from the region's most influential technology vendors, telecommunications operators, and IT service providers online recently at first ever virtual edition of IDC Directions Middle East, Turkey and Africa. The annual event is a firm fixture on the ICT industry calendar and this year focused on the theme of 'Resetting for the Next Normal: Strategies for Enabling the Future Digital Enterprise'. Jyoti Lalchandani, group vice president and regional managing director, IDC, explained that spending on digital transformation (DX) is set to gather even more pace in the post-pandemic period, increasing from 25 per cent of total IT spending in 2020 to 37 per cent