The overall spending by middle market companies has steadily increased since 2018. However, due to the pandemic, there was a dip of 4% in Q2 of this year compared to the same quarter last year.
Our data reveals that spending rebounded in Q3 to a flat percentage year-over-year, potentially indicating that middle market companies are moving toward business as usual and beginning to spend again in areas that they previously paused at the onset of COVID-19.