In 2023, software and tech hosting/cloud services/MSP companies had a much higher spending share on IT than other industries, amounting to 19 percent and 16 percent of their revenues, respectively. By contrast, the consumer products and services industry invested only around five 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 670 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.

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.

As of 2023, respondents from North America and Europe said that, on average, 12 percent of their company's information technology (IT) managed services budgets in 2024 were expected to be allocated to security and hosting services, respectively. In contrast, respondents reported that data analytics will be allocated an average of only 6 percent of their companies’ managed services budgets.

Information security at the forefront of corporate priorities

IT security services can be segmented into multiple categories, including cloud security, data security, and identity access management. Managed security services refer to the tailored IT security services needed by companies everywhere to protect against cyber threats, ensure compliance with regulations, and safeguard their digital assets. Indeed, cybersecurity has been the leading priority for IT technology initiatives among companies worldwide in recent years. Accordingly, the managed security services market was valued at a staggering 31 billion U.S. dollars in 2023.

Hosting and cloud remain essential to operations

A considerable part of the budget for managed services is allocated to cloud services, which encompass hosting, storage/backup, and infrastructure services. Public cloud spending is expected to generate over 670 million U.S. dollars by 2024. Companies can choose from several cloud computing deployment options, including private cloud, public cloud, and hybrid cloud. Cloud deployments are defined by the deployment’s physical location and the management and access rights to the infrastructure.

This dataset includes the Fiscal Year 2015 County Executive Recommended and County Council Approved operating budgets for Montgomery County, for comparison purposes. The dataset does not include revenues and agency budget information; each agency, such as Montgomery County Public Schools, maintain their individual budget information. The data can be sorted, filtered, and exported by the following elements: Function (grouping, such as “Public Safety”), Department, Program, Cost Center (activity within a program), Fund Type , Fund Subtype, Fund Name, Subfund Name, Personnel & Operating Expenses, Object Name, and Account Name. The 12-month period to which the annual operating and capital budgets and their respective appropriations apply. The Montgomery County fiscal year starts on July 1st and ends on June 30th. Update Frequency: Annually

The United States federal government budget has allotted around 75 billion dollars toward its 2025 civilian federal agency information technology budget. As leadership and government priorities change, the IT budgets allocated to different departments tend to follow suit. The Department of Energy's IT budget increased significantly by 37 percent compared to the previous year, with 5.5 billion U.S. dollars allocated in FY 2025. Similarly, the IT budget of the Department of Homeland security also increased by 23 percent compared to the previous year, to around 11 billion U.S. dollars for FY 2025. Meanwhile, the Office of Personnel Management saw its IT budget shrink the most among the civilian federal government agencies, decreasing by a staggering 64 percent compared to FY 2024. Since the 2022 federal budget, figures do not include the portion of the budget allocated to the Department of Defense or other classified IT spending. U.S. government budget In the United States, huge shares of government expenditures go towards the Department of Health and Human Services as well as the Social Security Administration. Due in part to the country’s continually increasing budget, the government has run at an annual deficit since 2002, with its 2024 deficit estimated to over be around 1.9 trillion dollars. Cybersecurity budget One of the main facets of the U.S. government IT budget is spending related to cybersecurity. Over 12 billion U.S. dollars have been allocated towards cybersecurity in 2024. The Departments of Homeland Security and Justice have unsurprisingly had the highest cybersecurity budgets across all departments, given the sensitive nature of their work.

As of 2019, a panel of CIO’s and senior technology professionals reported that, on average, around 23 percent of their organization’s annual IT budget was allocated towards quality assurance and testing. The average budget share allocated towards quality assurance and testing has been decreasing in recent years, since hitting a high of 35 percent in 2015. Quality assurance and testing in IT
The goal of investing into quality assurance and testing is to ensure that a company’s IT products are delivered in a way that is secure and without defects. Ever-increasing levels of digitalization have given companies access to massive amounts of consumer data. Although this data is beneficial from a market research point of view, it also presents companies with the responsibility of ensuring that the customer data is secure. As of 2017, more than half of companies are utilizing cloud-based test environments to test IT security. The biggest challenge associated with IT quality assurance and testing is often related to its cost. With the average organization spending over a quarter of its IT budget to fund these functions, it is not surprise that they are seeking to lower theses costs.

The United States recorded a Government Budget deficit equal to 6.30 percent of the country's Gross Domestic Product in 2023. This dataset provides - United States Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government spending in the United States was last recorded at 39.7 percent of GDP in 2024 . This dataset provides - United States Government Spending To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Aggregated and anonymized purchase data from consumer credit and debit card spending. Spending is reported based on the ZIP code where the cardholder lives, not the ZIP code where transactions occurred. Data from Affinity Solutions, compiled by Opportunity Insights. Update Frequency: Weekly Date Range: January 13th until the most recent date available. Data Frequency: Data is daily until the final two weeks of the series, and the daily data is presented as a 7 day lookback moving average. For the final two weeks of the series, the data is weekly and presented as weekly data points. Index Period: January 4th - January 31st Indexing Type: Seasonally adjusted change since January 2020. Data is indexed in 2019 and 2020 as the change relative to the January index period. We then seasonally adjust by dividing year-over-year, which represents the difference between the change since January observed in 2020 compared to the change since January observed since 2019. We account for differences in the dates of federal holidays between 2019 and 2020 by shifting the 2019 reference data to align the holidays before performing the year-over-year division.

OMB Recommended Vs Approved Operating Budget

Graph and download economic data for Federal Net Outlays as Percent of Gross Domestic Product (FYONGDA188S) from 1929 to 2024 about outlays, federal, Net, GDP, and USA.

This dataset includes the Fiscal Year 2016 County Executive Recommended operating budget for Montgomery County. The dataset does not include revenues and detailed agency budget information (only includes agency budget information by fund); each agency, such as Montgomery County Public Schools, maintain their individual budget information. The 12-month period to which the annual operating and capital budgets and their respective appropriations apply. The Montgomery County fiscal year starts on July 1st and ends on June 30th. Update Frequency: Annually

Egypt MOF Forecast: Government Budget: Expenditure: % of GDP data was reported at 27.100 % in 2019. This records a decrease from the previous number of 29.400 % for 2018. Egypt MOF Forecast: Government Budget: Expenditure: % of GDP data is updated yearly, averaging 30.250 % from Jun 2006 (Median) to 2019, with 14 observations. The data reached an all-time high of 34.300 % in 2009 and a record low of 22.300 % in 2012. Egypt MOF Forecast: Government Budget: Expenditure: % of GDP data remains active status in CEIC and is reported by Ministry of Finance. The data is categorized under Global Database’s Egypt – Table EG.F012: Consolidated Government Budget: Percentage of GDP: Forecast: Ministry of Finance.

Dataset replaced by: http://data.europa.eu/euodp/data/dataset/oYL0raWowgpHNKwniYdmg Percentage of enterprises having a training planning and/or budget, by NACE Rev. 2

Graph and download economic data for Federal Surplus or Deficit [-] as Percent of Gross Domestic Product (FYFSDFYGDP) from 1930 to 2023 about budget, federal, percent, GDP, and USA.

Graph and download economic data for Federal Surplus or Deficit [-] as Percent of Gross Domestic Product (FYFSGDA188S) from 1929 to 2024 about budget, federal, GDP, and USA.

North American companies are investing in technology initiatives at a higher level than European organizations, with IT spending accounting for 13 percent of company revenue. European companies' IT expenditure lags behind the global average, which stood at 10 percent of company revenue at the time of the survey.

This year our theme is Strengthening Core City Services. As you know, the City Manager's focus is to ensure that municipal government is capable of delivering “exceptional public services and municipal operations that are rooted in equity, innovation, and integrity, and centered on people.” This mission, as outlined within The City of Worcester Strategic Plan: FY2025-2029, requires us to look at both external demands and internal needs as we construct new budgets and allocate new resources.More information: Visit the City Manager's webpage to learn more about the current City Manager and their goals, programs, and initiatives.Informing Worcester is the City of Worcester's open data portal where interested parties can obtain public information at no cost.

This dataset identifies the approved and recommended annual operating budget summary by expenditure category in each program or division starting from 2011. A new budgetary file is published annually in this dataset. Attributes for 2024 Operating Budget: Program - Name of program, division or agency Service - A detailed account of key offerings that are associated with each program currently delivered by a division. Activity - A sub-set of the defined service, which includes unique processes and a discrete output delivered to the client(s) Category Name - Category of Expense / Revenue Sub-Category Name - Sub-Category of Expense / Revenue Commitment item - Commitment items classify budget transactions into revenue and expenditure items Expense/Revenue - Indicate whether this item is Expense or Revenue Year - Recommended or Approved Budget of the budget year (eg. 2024) Attributes for 2023 Operating Budget: Program - Name of program, division or agency Service - A detailed account of key offerings that are associated with each program currently delivered by a division. Activity - A sub-set of the defined service, which includes unique processes and a discrete output delivered to the client(s) Category Name - Category of Expense / Revenue Sub-Category Name - Sub-Category of Expense / Revenue Commitment item - Commitment items classify budget transactions into revenue and expenditure items Expense/Revenue - Indicate whether this item is Expense or Revenue Year - Recommended or Approved Budget of the budget year (eg. 2023) Attributes for 2022 Operating Budget: Program - Name of program, division or agency Service - A detailed account of key offerings that are associated with each program currently delivered by a division. Activity - A sub-set of the defined service, which includes unique processes and a discrete output delivered to the client(s) Category Name - Category of Expense / Revenue Sub-Category Name - Sub-Category of Expense / Revenue Commitment item - Commitment items classify budget transactions into revenue and expenditure items Expense/Revenue - Indicate whether this item is Expense or Revenue Year - Recommended or Approved Budget of the budget year (eg. 2022) Attributes for 2021 Operating Budget: Program - Name of program, division or agency Service - A detailed account of key offerings that are associated with each program currently delivered by a division. Activity - A sub-set of the defined service, which includes unique processes and a discrete output delivered to the client(s) Category Name - Category of Expense / Revenue Sub-Category Name - Sub-Category of Expense / Revenue Commitment item - Commitment items classify budget transactions into revenue and expenditure items Expense/Revenue - Indicate whether this item is Expense or Revenue Year - Recommended or Approved Budget of the budget year (eg. 2021) Attributes for 2020 Operating Budget: Program - Name of program, division or agency Service - A detailed account of key offerings that are associated with each program currently delivered by a division. Activity - A sub-set of the defined service, which includes unique processes and a discrete output delivered to the client(s) Category Name - Category of Expense / Revenue Sub-Category Name - Sub-Category of Expense / Revenue Commitment item - Commitment items classify budget transactions into revenue and expenditure items Expense/Revenue - Indicate whether this item is Expense or Revenue Year - Recommended or Approved Budget of the budget year (eg. 2020) Attributes for 2019 Operating Budget: Program - Name of program, division or agency Service - A detailed account of key offerings that are associated with each program currently delivered by a division. Activity - A sub-set of the defined service, which includes unique processes and a discrete output delivered to the client(s) Category Name - Category of Expense / Revenue Sub-Category Name - Sub-Category of Expense / Revenue Commitment item - Commitment items classify budget transactions into revenue and expenditure items Expense/Revenue - Indicate whether this item is Expense or Revenue Year - Recommended or Approved Budget of the budget year (eg. 2019) Attributes for 2018: Program - Name of program or division Service - A detailed account of key offerings that are associated with each program currently delivered by a division. Activity - A sub-set of the defined service, which includes unique processes and a discrete output delivered to the client(s) Category Name - Category Name of Expense Expense/Revenue - Indicate whether this item is Expense or Revenue Year - Recommended or Approved Budget of the budget year (eg. 2018) Attributes for 2017: Program - Name of program or division Service - A detailed account of key offerings that are associated with each program currently delivered by a division. Activity - A sub-set of the defined service, which includes unique processes and a discrete output delivered to the client(s) Category Name - Category Name of Expense Expense/Revenue - Indicate whether this item is Expense or Revenue Year - Recommended or Approved Budget of the budget year (eg. 2017) Attributes for 2016: Program - Name of program or division Service - A detailed account of key offerings that are associated with each program currently delivered by a division. Activity - A sub-set of the defined service, which includes unique processes and a discrete output delivered to the client(s) Category - Code of Expense Category Category Name - Category Name of Expense Expense/Revenue - Indicate whether this item is Expense or Revenue Year - Recommended or Approved Budget of the budget year (eg. 2016) Attributes for 2015: Program - Name of program or division Service - A detailed account of key offerings that are associated with each program currently delivered by a division. Activity - A sub-set of the defined service, which includes unique processes and a discrete output delivered to the client(s) Category - Code of Expense Category Category Name - Category Name of Expense Expense/Revenue - Indicate whether this item is Expense or Revenue Year - Recommended or Approved Budget of the budget year (eg. 2015) Attributes for 2014: