BizSugar.com › Management › 7 Questions To Ask About Your IT Budget

As an average rule of the thumb, companies tend to spend about 3.28% of their revenues on IT. However, the figure differs depending on industry sectors, with banking firms spending over 7% of their budget on IT and construction industries spending less than 2%. There are also other factors to take into considerations, such as your company size, your location, your audience, and your growth profile.