In 2023, software and tech hosting/cloud services/MSP companies had a much higher spending share on IT than other industries, amounting to ** percent and ** percent of their revenues, respectively. By contrast, the consumer products and services industry invested only around **** percent of their revenue in IT. Overall, all industries increased their IT spending per revenue share in 2023 compared to the previous year. Cloud computing Cloud computing is an essential IT service that utilizes a network of distant servers hosted over the Internet to store, handle, and process data. This segment of IT services was projected to generate revenues exceeding *** billion U.S. dollars in 2024 and is expected to continue its rapid growth trajectory. Managed Services Providers (MSPs) provide companies with the expertise and technical support to manage their cloud infrastructure and products without the need for in-house specialists. Cloud computing is segmented into three main categories. Software as a Service (SaaS) delivers software applications over the Internet, on a subscription basis, freeing companies from software and hardware management. Infrastructure as a Service (IaaS) offers a virtualized computing infrastructure managed over the Internet, allowing businesses to avoid the costs and complexities of purchasing and managing physical servers and data center infrastructure. Platform as a Service (PaaS) provides a platform allowing customers to develop, run, and manage applications without the complexity of building and maintaining the infrastructure.

On average, companies worldwide allocate at least 12 percent of their IT budget to information security. The highest share was distributed in 2020, at 12.8 percent. By 2022, companies allocated approximately 12.7 percent of their IT budget to IT security.

In 2023, around 58 percent of companies in Germany, Austria and Switzerland said that their IT budgets were going to increase compared with 2022. 17 percent of companies stated the budgets were going to decrease.

In 2022, on-premises software accounted for 20 percent of companies' IT spend worldwide, while SaaS, PaaS and IaaS combined account for 19 percent and 14 percent respectively. T

IT spending worldwide is projected to reach over 5.7 trillion U.S. dollars in 2025, over a nine percent increase on 2024 spending. Smaller companies spending a greater share on hardware According to the results of a survey, hardware projects account for a fifth of IT budgets across North America and Europe. Larger companies tend to allocate a smaller share of their budget to hardware projects. Companies employing between one and 99 people allocated 31 percent of the budget to hardware, compared with 29 percent in companies of five thousand people or more. This could be explained by the greater need to spend money on managed services in larger companies. Not all companies can reduce their spending While COVID-19 has the overall effect of reducing IT spending, not all companies will face the same experiences. Setting up employees to comfortably work from home can result in unexpected costs, as can adapting to new operational requirements. In a recent survey of IT buyers, 18 percent of the respondents said they expected their IT budgets to increase in 2020. For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.

According to a survey that was conducted in Japan from June to July 2024, 30 percent of companies spent less than three million Japanese yen of their annual IT budget on security measures. At the same time, one-fifth of the responding managers stated that their company dedicated more than 10 million yen per year to security measures.

Budget Software Market Outlook

The global budget software market size was valued at approximately USD 3.5 billion in 2023, and it is projected to reach around USD 7.8 billion by 2032, growing at a compound annual growth rate (CAGR) of 9.2% from 2024 to 2032. The growth of the market is primarily attributed to the increasing need for efficient financial planning and the adoption of digital transformation across various industries.

One of the primary growth factors of the budget software market is the rising need for organizations to streamline their financial processes to maintain competitiveness. As businesses expand and financial transactions become more complex, manual budgeting methods become inadequate, driving the need for more sophisticated software solutions. Additionally, the growing adoption of cloud-based solutions has made budget software more accessible, allowing organizations of all sizes to leverage advanced financial tools without significant upfront investments.

Another significant growth driver is the increasing emphasis on data-driven decision-making. Modern budget software solutions are equipped with advanced analytics capabilities that provide organizations with real-time insights into their financial performance. This capability enables businesses to make informed decisions, optimize resource allocation, and improve overall financial management. The integration of artificial intelligence (AI) and machine learning (ML) technologies in budget software further automates and enhances these analytical processes, contributing to market growth.

The rising awareness about the benefits of budget software, such as improved accuracy, increased efficiency, and better compliance with financial regulations, is also fueling market growth. Organizations across various sectors are increasingly recognizing the importance of robust budgeting tools to ensure financial stability and regulatory adherence. This awareness is particularly prevalent in highly regulated industries such as BFSI (banking, financial services, and insurance) and healthcare, where precise financial planning is critical.

In the realm of financial management, Business Spend Software is becoming an integral component for organizations aiming to optimize their expenditure processes. This software facilitates comprehensive tracking and analysis of business expenses, enabling companies to gain better control over their financial outflows. By integrating Business Spend Software with existing budget systems, organizations can achieve enhanced visibility into spending patterns, identify cost-saving opportunities, and ensure compliance with financial policies. The ability to automate expense management processes not only reduces administrative burdens but also minimizes errors, leading to more accurate financial reporting. As businesses continue to prioritize cost efficiency and transparency, the adoption of Business Spend Software is expected to rise, further driving the growth of the budget software market.

Regionally, North America holds a significant share of the budget software market, driven by the early adoption of advanced technologies and the presence of major market players. However, the Asia Pacific region is expected to witness the highest growth rate during the forecast period, attributed to the rapid economic development, increasing digital transformation initiatives, and the rising number of small and medium enterprises (SMEs) in countries like China and India.

Component Analysis

The budget software market is segmented by components into software and services. The software segment encompasses various types of budget software applications that cater to different needs, ranging from basic budgeting tools to comprehensive financial management suites. This segment is expected to account for the largest share of the market, driven by the increasing demand for automation in financial processes and the need for real-time financial insights. Advanced software solutions that incorporate AI and ML technologies are particularly gaining traction, as they offer enhanced analytical capabilities and predictive insights.

Services, on the other hand, include consulting, implementation, training, and support services that help organizations effectively deploy and utilize budget software. This segment is also anticipated to witness substantial growth as companies seek expert advice to optimize their budgeting processes and ensure seamless inte

Enterprise ICT Spending Market Outlook

The global enterprise ICT spending market size was valued at approximately USD 4 trillion in 2023 and is projected to reach USD 6.5 trillion by 2032, expanding at a CAGR of around 5.5% from 2024 to 2032. The growth of this market is driven by rapid technological advancements, increasing digitization across various industry verticals, and the rising demand for efficient communication and collaboration tools. The relentless pursuit of digital transformation by enterprises seeking to enhance operational efficiency, improve customer experiences, and gain a competitive edge is significantly contributing to this upward trend. Such zeal for adopting advanced ICT solutions underscores the integral role these technologies play in modern business strategies.

A significant growth factor in the enterprise ICT spending market is the proliferation of cloud computing services. Organizations are increasingly embracing cloud-based solutions due to their scalability, cost-effectiveness, and the flexibility they offer in managing business operations. The shift towards cloud technology is further accelerated by the need for remote work arrangements and the desire to enhance business continuity in the face of disruptions such as the COVID-19 pandemic. As businesses continually strive to optimize their IT spending, cloud services provide an attractive option for reducing infrastructure costs while maintaining the required technological capabilities.

Another pivotal growth driver is the surge in demand for cybersecurity solutions. As enterprises become more digital, they face heightened risks from cyber threats and data breaches. This has led to an increased allocation of budgets towards cybersecurity measures to protect sensitive information and ensure regulatory compliance. The rising incidence of cyberattacks has made security a top priority for organizations across all sectors. In response to this, the ICT spending on security solutions is projected to see substantial growth, as businesses seek robust protection mechanisms to safeguard their digital assets.

The adoption of advanced technologies such as Artificial Intelligence (AI), Internet of Things (IoT), and big data analytics is also fueling market growth. These technologies are being leveraged to drive innovation, improve decision-making, and enhance customer interactions. AI and machine learning are especially transforming business processes by enabling automation and providing insights from vast amounts of data. Similarly, IoT solutions are revolutionizing sectors like manufacturing and logistics through improved asset tracking and predictive maintenance. The need to remain competitive in a data-driven world is pushing companies to ramp up their investments in these cutting-edge technologies.

The concept of Digitization IT Spending is becoming increasingly pivotal as organizations strive to modernize their IT infrastructures. This trend reflects the broader movement towards digital transformation, where enterprises are reallocating their budgets to support the integration of digital technologies into all areas of business. This shift not only enhances operational efficiency but also enables companies to innovate and offer new value to customers. As businesses continue to evolve in the digital age, the focus on digitization IT spending is expected to intensify, driving demand for advanced software solutions, cloud services, and cybersecurity measures. This strategic investment is crucial for maintaining competitiveness and ensuring long-term growth in an ever-changing technological landscape.

Regionally, North America currently holds the largest share in the enterprise ICT spending market, attributed to its advanced technological infrastructure and early adoption of innovative technologies. The presence of major technology companies and a robust startup ecosystem further bolster the regionÂ’s dominance. However, significant growth is anticipated in the Asia-Pacific region, which is expected to register the highest CAGR over the forecast period. The region's booming economy, increasing internet penetration, and growing focus on smart city initiatives are key factors contributing to this growth. Countries like China and India are rapidly emerging as major hubs for ICT development, offering lucrative opportunities for market expansion.

Component Analysis

In the enterprise ICT spending market, the component segment is a crucial area of analysis, encompassing hard

This data set contains the budgets of public companies and local authorities in Aragon.It contains, among others, data from water, urban, cultural and other societies, secretarial groups, neighborhoods, consortia, etc. Technologically, it has not been possible to filter this information so that it appears individually and appears together with the budgets of local authorities, so the user must make an additional effort to find the data of public companies among the set of information contained in this data set. The example of consultation of distributions in the paged view, is filtered by 1000 records and by the year 2020. Example link in the resource. Other years: ANO='2019' and ANO='2018'

IT Spending in BFSI Market size was valued at USD 12.201 Million in 2024 and is projected to reach USD 20.891 Million by 2031, growing at a CAGR of 9.2% during the forecasted period 2024 to 2031.

Global IT Spending In BFSI Market Drivers

Initiatives for Digital Transformation: To improve customer experiences, increase operational efficiency, and maintain market competitiveness, BFSI companies are spending more and more in digital transformation. This covers expenditures on analytics, automation, and digital channels.

Needs for Regulatory Compliance: Strict laws that regulate the BFSI industry, like Basel III, PSD2, and GDPR, necessitate the use of reliable IT infrastructure and systems to guarantee compliance. IT solution purchases are required to comply with legal standards and stay out of trouble.

Cybersecurity Concerns: For BFSI organisations, cybersecurity has emerged as a significant priority in light of the surge in cyber attacks and data breaches. To safeguard confidential client information and uphold confidence, investments in IT security solutions—such as identity management, encryption, and sophisticated threat detection—are crucial.

Transition to Cloud Computing: To increase the scalability, flexibility, and cost-effectiveness of IT operations, BFSI companies are embracing cloud computing more and more. Cloud-based solutions allow BFSI companies to save infrastructure capital costs, expedite the implementation of new services, and streamline operations.

Demand for Data Analytics: BFSI companies rely heavily on data analytics to help them understand consumer behaviour, spot market trends, and reduce risks. BFSI companies may use data for personalised solutions and decision-making thanks to investments in big data analytics, machine learning, and artificial intelligence. Mobile Payments and Banking: The demand for mobile payment and banking services has increased due to the increasing use of smartphones and other mobile devices. BFSI companies make investments in digital wallets, contactless payment methods, and mobile applications to meet the changing needs of their clientele who want safe and easy banking.

FinTech's emergence: As a result of these startups' creative innovations and ability to upend established banking and financial services, established BFSI companies are being forced to make technological investments in order to stay competitive. BFSI organisations can take advantage of new business models and emerging technology through partnerships, collaborations, and investments in FinTech solutions.

Emphasis on Customer Experience: To keep current clients and draw in new ones, BFSI companies are placing a high priority on the customer experience. To fulfil changing client expectations, IT systems that support omnichannel banking, personalised services, and smooth interactions across touchpoints must be invested in.

Efficiency and Cost Reduction: BFSI companies look to use IT investments to increase operational efficiency and cut costs in an environment that is becoming more and more competitive. IT spending is driven by initiatives to modernise outdated systems, automate processes, and optimise workflows in order to achieve cost savings and increased productivity.

In 2024, the average annual increase in companies' IT security budgets is expected to peak at 5.7 percent, up from 5.3 percent in 2023.

Graph and download economic data for Finance Companies; Consumption of Fixed Capital, Nonresidential Intellectual Property Products, Current Cost Basis, Transactions (BOGZ1FU616330075A) from 1946 to 2024 about cost, intellectual property, finance companies, nonresidential, companies, finance, transactions, fixed, capital, financial, consumption, production, and USA.

Digitization IT Spending Market Outlook

The global digitization IT spending market size is projected to reach a significant milestone, expanding from an estimated USD 1 trillion in 2023 to approximately USD 2.5 trillion by 2032, demonstrating a robust compound annual growth rate (CAGR) of 10%. This remarkable growth trajectory is largely driven by the increasing demand for digital transformation across industry verticals, which is reshaping traditional business models and driving efficiency and innovation. The growing reliance on technology for operational improvements, customer engagement, and competitive advantage underscores the necessity for increased IT spending. As businesses across the globe endeavor to enhance their digital capabilities, the demand for IT infrastructure, software solutions, and services is set to witness exponential growth.

One of the primary growth factors of the digitization IT spending market is the accelerated adoption of cloud computing solutions. With businesses seeking cost-effective, scalable, and flexible IT solutions, cloud computing has emerged as a linchpin of modern digital strategies. The scalability offered by cloud solutions allows businesses to adjust their IT resources according to demand, thus optimizing costs and efficiency. Moreover, the cloud facilitates remote work, enhances collaboration, and provides robust data storage solutions, which are increasingly crucial in today's dynamic business environment. As organizations strive to become more agile and responsive, the shift to cloud-based solutions is expected to drive a substantial portion of the IT spending growth.

Another significant driver is the proliferation of artificial intelligence (AI) and machine learning (ML) technologies. These technologies are becoming increasingly integral to digital transformation strategies as they enable businesses to automate processes, gain insights from vast data sets, and enhance customer experiences through personalization. AI and ML are being leveraged across various industry verticals, from predictive analytics in financial services to personalized medicine in healthcare. The integration of these technologies into business processes not only enhances operational efficiency but also unlocks new revenue streams, prompting increased IT investments. As AI and ML technologies continue to evolve and mature, their adoption is expected to further accelerate IT spending.

The growth of the digitization IT spending market is also being propelled by the increasing importance of cybersecurity. As businesses become more digital, they become more vulnerable to cyber threats, necessitating robust cybersecurity measures to protect sensitive data and ensure business continuity. This has led to a surge in spending on cybersecurity solutions, including advanced threat detection and response systems, encryption technologies, and security training programs. The rising incidence of cyberattacks and stringent regulatory requirements are driving organizations to allocate a larger portion of their IT budgets to cybersecurity, thereby contributing to the overall growth of the market.

Regionally, the digitization IT spending market is experiencing varied growth patterns. North America, with its robust technological infrastructure and high adoption rate of digital solutions, remains the largest market. However, Asia Pacific is emerging as a key growth region, with a CAGR outpacing other regions due to rapid digitalization initiatives and increasing IT investments in countries like China and India. Europe also represents a significant market, driven by the digitalization efforts of various industries and strong government support for digital initiatives. These regional dynamics highlight the global nature of the digitization IT spending market, with different regions contributing to the overall growth in unique and significant ways.

Component Analysis

The component segment of the digitization IT spending market is categorized into software, hardware, and services. Software spending constitutes a significant portion of the market, driven by the increasing demand for enterprise software solutions that facilitate business operations and enhance productivity. From customer relationship management (CRM) and enterprise resource planning (ERP) to collaboration tools and cybersecurity software, the demand for diverse software solutions is escalating as businesses recognize the need for digital tools to stay competitive. The rise of software-as-a-service (SaaS) models is also contributing to the growth of this segment, providing businesses with flexible and scalable software solutions that reduce upfr

Graph and download economic data for Finance Companies; Nonresidential Software, Current Cost Basis, Revaluation (BOGZ1FR615013365Q) from Q4 1946 to Q1 2025 about revaluation, software, cost, finance companies, nonresidential, companies, finance, financial, and USA.

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It Spending In Oil And Gas Industry Market Size 2025-2029

The it spending in oil and gas industry market size is forecast to increase by USD 5.61 billion, at a CAGR of 4.6% between 2024 and 2029.

In the Oil and Gas Industry, the relentless pursuit of operational efficiency and productivity has led to a significant increase in IT spending. This trend is driven by the growing adoption of digital technologies, such as IoT sensors, cloud computing, and automation, which enable real-time data analysis and optimization of assets and processes. The need for predictive maintenance is another key factor, as companies seek to minimize downtime and maximize the lifespan of their infrastructure. However, this digital transformation comes with challenges. Cybersecurity threats loom large, as the industry's critical infrastructure and vast amounts of sensitive data make it an attractive target for cybercriminals. The successful implementation of IT projects in the Oil and Gas Industry requires a strategic approach, balancing the benefits of digital innovation with the risks of cyber threats. Companies must invest in robust security measures and adopt best practices to protect their assets and data, while also leveraging technology to drive operational excellence and competitive advantage.

What will be the Size of the It Spending In Oil And Gas Industry Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free SampleThe Oil and Gas industry market continues to evolve, with dynamic market dynamics shaping the landscape. Operating expenditures (OpEx) are a significant component, with material selection and maintenance management playing crucial roles in flow assurance. IoT sensors and predictive modeling facilitate data analytics, optimizing capital expenditures (CapEx) and enhancing asset integrity management. Corrosion control and carbon capture are essential for environmental compliance, while data visualization streamlines pipeline infrastructure management. Cost reduction strategies are a constant focus, with seismic surveys and midstream operations providing opportunities for fuel efficiency improvements. Enhanced oil recovery and emissions reduction are key areas of innovation, with oilfield services and refining processes adopting machine learning and process optimization. Remote operations and contract negotiations are facilitated by the digital oilfield, with drilling rigs and reservoir simulation ensuring production optimization. Pipeline integrity and energy efficiency improvements are critical for safety regulations and production platform operations. Renewable energy integration, LNG transportation, and artificial lift are emerging trends, with workforce training and project management essential for successful implementation. Risk assessment is a continuous process, with upstream operations requiring constant production optimization and downstream operations focusing on supply chain management. Blockchain technology, horizontal drilling, gas processing, and hydraulic fracturing are integral to these evolving patterns, driving the industry forward.

How is this It Spending In Oil And Gas Industry Industry segmented?

The it spending in oil and gas industry industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. ComponentHardwareServicesSoftwareApplicationUpstreamDownstreamMidstreamSectorLarge enterprisesSmall and medium enterprises (SMEs)GeographyNorth AmericaUSCanadaEuropeGermanyRussiaMiddle East and AfricaUAEAPACAustraliaChinaIndiaJapanRest of World (ROW)

By Component Insights

The hardware segment is estimated to witness significant growth during the forecast period.The IT spending market in the oil and gas industry is experiencing significant evolution, fueled by digital transformation and the pursuit of operational efficiency. A key area of investment is hardware, with a focus on robust computing infrastructure, such as high-performance servers, scalable data storage solutions, and secure networking equipment. Servers are essential for managing the massive data generated from exploration, production, refining, and distribution processes. The adoption of cloud computing and edge computing is driving investments in specialized servers optimized for seismic processing and reservoir simulation, catering to the intricate computational demands of the industry. These advancements bolster decision-making capabilities and optimize operations through the integration of IoT sensors, predictive modeling, data analytics, and real-time data visualization. Capital expenditures also extend to maintenance management, flow assurance, corrosion control, car

In 2020, about 90 percent of companies said they allocated a budget of less than 50 thousand euros to the production of content: 39 percent invested from 5 to 10 thousand euros, 20 percent from 10 to 20 thousand euros and 11 percent from 20 to 50 thousand euros. According to the source, there is still a significant gap in the budgets allocated to content. Only seven percent of the respondents in the study were prepared to commit an annual budget of over 50 thousand euros. Finally, it should be noted that 21 percent of companies did not devote any budget to online content creation.

IT Spending in Energy Market Outlook

As of 2023, the IT spending in the energy market is estimated to be valued at approximately USD 100 billion, with projections indicating a substantial growth to USD 180 billion by 2032, at a robust CAGR of 6.5%. This notable expansion is driven by the increasing need for digital transformation within the energy sector, propelled by the integration of advanced technologies such as AI, IoT, and blockchain. The growth factor is majorly attributed to the sector's pursuit of operational efficiency and sustainability, leading to a surge in IT investments aimed at modernizing infrastructure and processes. The ongoing shift towards smart grids and the adoption of renewable energy sources further augment the demand for IT solutions, facilitating more intelligent and efficient energy management. As energy companies transition towards data-driven decision-making, the need for sophisticated software and analytics tools is expected to rise, underpinning market growth throughout the forecasted period.

The energy sector is increasingly turning to digital solutions to meet the growing demand for more efficient and sustainable energy production and distribution. This transformation is accelerated by the pressing need to address global environmental challenges, such as reducing carbon footprints and promoting renewable energy sources. IT spending is crucial in enabling energy companies to innovate and adapt to these changes, particularly through the deployment of smart grids and the integration of IoT technologies. Smart grids allow for real-time data collection and analysis, improving grid reliability, and efficiency, and aiding in the seamless integration of renewable energy sources. Furthermore, advancements in artificial intelligence and machine learning enable predictive maintenance and optimization of energy consumption, significantly enhancing operational efficiencies and contributing to the overall growth of IT spending in the energy sector.

Another key growth factor is the increasing complexity of energy distribution networks, which require robust IT infrastructure to manage and optimize. As the energy market becomes more decentralized, with a growing number of small-scale producers and consumers, the need for advanced IT systems to facilitate communication and coordination between various stakeholders becomes imperative. Cloud computing solutions offer scalability and flexibility, allowing energy companies to efficiently manage vast amounts of data generated from diverse sources. This data-driven approach not only enhances operational efficiency but also supports the development of innovative business models, such as energy-as-a-service, which are gaining traction in the market. Moreover, cybersecurity has become a major focus, with energy companies investing in IT solutions to protect critical infrastructure from cyber threats, further driving IT spending.

In terms of regional outlook, North America and Europe are leading the charge in IT spending within the energy sector, driven by strong regulatory support for digital transformation and a high level of technological adoption. North America, with its well-established infrastructure and significant investments in renewable energy projects, is projected to maintain a significant share of the market. Europe, on the other hand, is focusing on energy efficiency and sustainability, spurring investments in IT solutions that facilitate the integration of renewable energy sources into the grid. Meanwhile, the Asia Pacific region is witnessing rapid growth in IT spending, fueled by increasing energy demand and government initiatives promoting clean energy. Countries like China and India are investing heavily in smart grid technologies and digitalization to meet their burgeoning energy requirements. Latin America and the Middle East & Africa are also showing potential for growth, driven by infrastructure development and the rising adoption of digital solutions.

Component Analysis

The component segment of IT spending in the energy market is divided into hardware, software, and services, each playing a pivotal role in the digital transformation of the energy sector. Hardware components, including advanced meters, sensors, and communication devices, form the backbone of smart energy infrastructure. These components enable real-time data collection and transmission, facilitating efficient energy management and grid optimization. As energy companies strive to enhance operational efficiency and reliability, investments in cutting-edge hardware technologies are expected to rise steadily. Additionally, the ongoing deployment of smart grids and IoT solutions across the globe i

Sweden Central Govt Budget: Revenue: GA: Business Profit data was reported at 3,637.081 SEK mn in 2017. This records a decrease from the previous number of 4,234.640 SEK mn for 2016. Sweden Central Govt Budget: Revenue: GA: Business Profit data is updated yearly, averaging 8,042.781 SEK mn from Dec 1995 (Median) to 2017, with 23 observations. The data reached an all-time high of 32,489.000 SEK mn in 2001 and a record low of 3,637.081 SEK mn in 2017. Sweden Central Govt Budget: Revenue: GA: Business Profit data remains active status in CEIC and is reported by The Swedish National Financial Management Authority. The data is categorized under Global Database’s Sweden – Table SE.F005: Central Government Budget.

Budget Revenue: Primorsky Territory: Year to Date: TN: PI: Companies Profit Tax data was reported at 16,706,498,768.640 RUB in May 2022. This records an increase from the previous number of 8,549,497,766.260 RUB for Mar 2022. Budget Revenue: Primorsky Territory: Year to Date: TN: PI: Companies Profit Tax data is updated monthly, averaging 6,787,138,189.410 RUB from Jan 2005 (Median) to May 2022, with 208 observations. The data reached an all-time high of 33,219,483,165.230 RUB in Dec 2021 and a record low of 121,602,259.000 RUB in Jan 2010. Budget Revenue: Primorsky Territory: Year to Date: TN: PI: Companies Profit Tax data remains active status in CEIC and is reported by Federal Treasury. The data is categorized under Russia Premium Database’s Government and Public Finance – Table RU.FD077: Regional Consolidated Budget: ytd: Far East Federal District: Primorsky Territory.

In 2021, the share of CIOs and IT leaders worldwide that saw an increase in their company's IT budget over the last 12 months peaked at 60 percent. Over the last ten years, the share of companies that saw an increase in their IT budget has continuously risen. The global COVID-19 pandemic has impacted this trend, as only 43 percent of CIOs and IT leaders who were surveyed after the outbreak expected an increase in the IT budget moving forward. Before the COVID-19 pandemic, 51 percent expected their companies' IT budget to increase when surveyed in early 2020.