Tech spend in 2021 to be better than last 2 years: Nasscom survey

Over 70 per cent chief executives expect global spend to grow over 4 per cent; recovery to be led by digital segment

With the economy gaining pace and large deals back on the table, chief executive officers (CEOs) of tech companies believe global tech spending will witness growth this year. According to CEO Survey by Nasscom, about 71 per cent chief executives expect global spend to grow over 4 per cent.
 
The figure is significantly higher than the previous two years — 41 per cent and 59 per cent in 2019 and 2020, respectively.
 
The survey also said the recovery in global tech spending will be led by the digital segment. For 2021, core tech spending growth will include increased