ESG's annual technology spending intentions report for 2022 surveyed 706 senior IT decision-makers at midmarket (i.e., 100 to 999 employees) and enterprise (i.e., 1,000 or more employees) organizations across North America, Western Europe and Asia Pacific. From an overall perspective, the good news is that 62% of organizations plan to increase overall IT spending. As part of that research, respondents with purchasing influence or authority for networking products and services were asked about their organization’s spending plans in this area over the next 12 months. The data indicates that 52% are expected to maintain the prior year's budget levels and 43% will increase spending. Only 5% will shrink their networking budget.