Volatile economic conditions often lead to capex cuts, particularly in the realm of technology. During the 2008-09 cycle, IT capex budgets experienced an average reduction of 31% among companies with revenues exceeding $10 million, triggering a subsequent surge in IT capex spending from 2011 to 2013.

Is this time different? Are changing work environments and labor shortages propelling spending despite prevailing headwinds? Is the “as-a-service” movement heralding the most significant shift to captive financing yet?