JEI Tech Announces Substantial Increase in IT Spending to Come in 2022

To put these numbers into perspective, total IT spending will increase by approximately $230 billion, which an amount equal to 100% of the federal corporate income taxes collected by the US government in 2019. This is a monumental amount of growth which can likely be attributed to employers embracing work-from-home (WFH) or hybrid-work environments, security concerns over cybersecurity breaches and the world’s desire to utilize cloud technology.