illi News - Prime Managed Technology Solutions Announces Substantial Increase in IT Spending to Come in 2022

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Leading Managed Technology Services Provider Shares Significant Findings About IT Growth

SKOKIE, Ill. - illiNews -- Prime Managed Technology Solutions, a leading managed technology services provider (MTSP), recently shared that IT research and consulting firm, Gartner, states that "World-wide IT spending is projected to total $4.5 trillion in 2022, an increase of 5.5% from 2021. The three largest subcategories of that $4.5 trillion forecast are enterprise software, IT de-vices and IT services, which will increase 13%, 15% and 11%, respectively. 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. For small to mid-sized businesses (SMBs) this means that they will have more access to enterprise-level technology solutions, which will empower them to drive productivity and increase their bottom-line, if they position themselves properly.

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Vic Levinson, President of Prime Managed Technology Solutions (https://www.primemtsp.com) stated, "IT spending has increased so dramatically because the pandemic forced decision makers to make their or-ganizations more flexible. They're starting to understand the increased potential that they have to become more efficient with the latest in technology. Small to mid-sized businesses are following suit with larger companies in IT spend because they realize that the hy-brid/remote workforce is here to stay and that it will need to be supported with cybersecurity solutions and cloud computing services. The remote workforce, cybersecurity concerns and the whole world's migration to cloud computing are all driving IT spend to unprecedented levels. The opportunity that SMBs need to take advantage of now is to become an early adopter, so that they can wedge technological advantages in between themselves and their competitors. Those who work with these trends are likely to amplify their successes, whereas those who ignore the future of work are likely to become irrelevant."