2020 spend versus 2018 spend, by region and cap size
The amount IR departments spend on technology has dropped slightly in the past two years. While the median spend range remains at $20,000-$49,999, 36 percent of IR teams now spend less than $20,000, compared with 28 percent in 2018, while 37 percent spend upwards of $50,000, compared with 43 percent two years ago.
Median technology spends for both North American and Asian IR teams have fallen a range since 2018, with more than two thirds of Asian IR teams having spent less than $20,000 in the past year. More than half of small-cap IR departments spend less than $20,000 on technology, while more than three in 10 IR teams at large-cap companies spend the same, compared with two in 10 in 2018. Half of mega-cap IR teams have spent less than $50,000 in the past year, while two years ago 38 percent spent at this lower level.