See the latest trends in IT and AI spending
Ramp's Q2 2023 data show business spending growing, in stark contrast to consumer spending. But signs of a possible slowdown remain. Dive into our full report to learn more.
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Summary
What you'll learn
Understand where SMBs and mid-market companies are investing and where they’re paring back, based on an analysis of over $10 billion per year in corporate credit card and AP payments.
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Key findings
01
IT spending patterns show businesses shifting away from software and electronics in favor of cloud computing, hinting at the stickiness of the shift to remote work.
02
AI spending continues to soar, while vendors providing freelance services and outsourced talent see a year-over-year decline in same-store spending.
03
While April and May same-store spending increased for many expense categories, June same-store spending fell across the board, indicating a possible slowdown ahead.
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