Respondents have continued to reign in 2020 IT budget growth expectations since our second iteration of this survey on 3/27. The median expected growth rate of budgets dropped 700 basis points, from 10% YoY at the start of the year, to 3% today.
BWG conducted the third iteration of its IT budget survey from 4/10 to 4/15, covering the impact of COVID-19 on spend for the balance of the year. We’ve already seen a rapid change in tone between version #1 and version #2, and found further changes in budget decision making in this run of the data.
My utilization of BWG has certainly picked up during this period. You continue to do a great job with your value-add more apparent than ever in volatile times.