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Tech spending intent positive through H1'24, demand growth to plateau despite focus on AI

 

US businesses and consumers demonstrated an overall positive attitude toward technology spending in the second quarter of 2024, the third consecutive quarter of positive intent, albeit a slight decline from the previous quarter, as AI technologies assumed a new position of prominence among technology-specific demand scores, according to 451 Research's Tech Demand Indicator, a survey-backed composite of US intent to spend on technology. 

The Q2 Tech Demand Indicator score was 51.71, representing an overall positive sentiment (a score greater than 50), but a slight decrease from a Q1 score of 52.11. The Q2 results present a flattening of a more generally positive trajectory that stretches back to the second quarter of 2023.

The full report is only available to 451 Alliance members.

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