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Piper Sandler 2023 CIO Survey

For Piper Sandler’s 12th annual CIO Survey, we surveyed 128 IT decision makers having an estimated $1.6B in average annual revenue. Results suggest that 2023 could be the ‘year of change’ with >50% planning to consolidate vendors within infrastructure software and application sectors (71% cited cost savings as a contributing factor). Intent to ‘maintain’ budgets overall also fell to the lowest level in years at 10% (vs. 18% average). Overall, 2023 IT budget expectations were surprisingly healthy rising +4.9% Y/Y, a +70 bps increase compared to 2022. Security and application software were top spending priorities in 2023, with devices, unified communications, and database falling to the bottom.

Full report below.


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