Only 17% of participants said that their research budget shrank.
We asked participants how last year’s budget compares to this fiscal year’s budget so far. If it was still being finalized, we asked them to estimate. Close to half (41%) of participants said their budget for this year was about the same as last year, indicating stability in funding for a large portion of teams. Another 35% of respondents said this year’s budget grew. On the other end of the spectrum, 17% said their budget shrank compared to last year.
Of the respondents that said that their budgets grew significantly, 31% said they had achieved the highest individual level of maturity, aka “user-driven” status. One of those who said their budgets shrank significantly, none had achieved this status, suggesting a strong correlation between higher maturity and budget growth.
