It is absolutely true that the large enterprises are betting on hybrid cloud. Virtualization, cloud, and software-defined networking are redefining the modern datacentre. There is a massive influx of data from big data analytics and new types of applications. Workloads are even more dynamic than before, spanning across multiple physical datacentre locations and across public, private, and hybrid cloud environments. Today, IT leaders are reimagining how they design, develop, and deploy their applications. Hence the large tech companies are transforming their infrastructure to more software-driven, with API-based capabilities. Along with various virtualization technologies, this allows the firm to interact with its infrastructure via code, enabling business agility. However, some CIOs feel that, cloud has over-promised and under-delivered and at the same time it is becoming expensive in the long-run.

During this rapid rush to remote work, IT departments everywhere rapidly deployed technologies to maintain business continuity during the global health crisis. The massive move to work-from-home policies spurred shifts in hardware, software and services spend, and will continue to make waves as many companies stick to flexible working arrangements permanently. COVID-19 is a catalyst for business transformation and 76% of businesses plan on long-term IT changes. These transformation plans drove tech spending in 2020 and more than a third of 2021 budget increases will be influenced by COVID-19. Businesses expect to increase cloud and managed services spending in 2021.

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