Mayfield CXO Research: 2019-2026

How enterprise IT priorities evolved from crisis response to the agentic enterprise – an annual survey of CXO perspectives on technology, leadership, and value creation. 

2026: The Enterprise AI Pie Continues to Grow

Follow the money: 91% of enterprises are increasing spend on AI agents in 2026 – and 56% are shifting budget away from legacy vendors toward AI-native startups. Here are key findings:

  • 91% plan to increase spend on agentic AI in 2026
  • 56% are reallocating budget away from incumbent vendors
  • 42% already have AI agents in production via custom builds and 3rd-party tools
  • ROI is non-negotiable: lower costs, higher revenue, and real productivity gains
  • 46% of buying decisions now come from line-of-business leaders, not just IT

2025: The Agentic Enterprise Emerge

AI is no longer a tool layered onto work—it is becoming embedded in how work gets done. Enterprises are now redesigning operating models, not just deploying technology. 

  • Agentic AI in production across a significant share of enterprises
    Business leaders now co‑own AI decisions alongside CIOs
  • Data readiness and governance remain the primary barriers—unchanged since 2020
  • ROI measured through workflow integration, decision quality, and productivity gains

2024: AI Becomes Strategic and Measurable

AI crossed from curiosity to strategy. ROI, governance, and scale entered the conversation in earnest as a majority of enterprises reported AI running in production.

  • AI investments tied explicitly to productivity, cost reduction, and revenue
  • CIOs began formalizing AI governance frameworks
  • AI‑native vendors increasingly displaced legacy solutions

2022-2023: Hybrid Stabilization and Early AI Signals

Hybrid work was normalized, but cracks remained. AI entered the conversation, but largely as a feature within broader digital initiatives. Enterprises sensed AI’s potential but had not yet reorganized around it.

  • Hybrid work became table stakes rather than a differentiator
  • Continued tooling gaps in collaboration and virtual productivity
  • Leaders wrestled with cultural inertia alongside technical debt

2021: Recovery and Innovation Momentum

With stabilization underway, CIOs pivoted from survival to innovation. 2021 marked the return of offense. CIOs regained mandate to invest forward, and began consciously diversifying away from incumbents. 

  • ~40% of enterprises expected IT budget increases
  • 200% increase in reliance on startup technologies vs. legacy vendors
  • Cloud, cybersecurity, and automation emerged as top priorities

2020: Crisis Response and Digital Survival

The COVID shock forced CIOs into immediate action. Technology priorities narrowed to continuity, security, and productivity at scale. This year established a durable truth that persists today: digital infrastructure is not optional – it is existential.

  • Rapid enablement of remote work and the “elastic workforce”
  • Cloud migration prioritized by ~85% of CXOs as essential to continuity
  • Security and identity management became firefighting priorities
  • ~70% of projects paused or slowed as CIOs triaged risk and resilience
  • Despite budget pressure, half of enterprises accelerated digital optimization

2019: Built to Last: Making Innovation Real

CXOs focused on turning innovation into something operational and durable. Early-stage technology was compelling, but only when paired with clear ROI, enterprise readiness, and low-friction adoption. 2019 emphasized discipline over hype and laid foundations that would soon be tested.  

  • 54% saw early-stage startups as a breakthrough opportunity.
  • Security, automation, and cloud led spending priorities.
  • Legacy systems still dominated IT budgets.
  • Innovation required CEO, CFO, and business buy-in.
  • Innovation budgets and incentives remained ad hoc.

About This Research

This playbook draws from our 2026 survey of 266 CXOs from Fortune 50–Global 2000 companies and high-growth enterprises, conducted through the Mayfield IT Leadership Network.

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