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.
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