IT Growth Outlook Hits Record High Led by Surge in Expected Investments: CDW
Overall anticipated demand for hardware and software investments reached a record high in both public and private sectors.While overall anticipated IT spending has grown two percentage points to reach 42 percent, most sectors saw significant increases in spending optimism, according to the latest CDW IT Monitor. Growing optimism and greater anticipation of increased IT investments among IT decision-makers propelled the company's six-month growth outlook composite score to 71, jumping three points since October to reach its highest reading since its inception in late 2007. The number of state and federal government IT decision-makers expecting an increase jumped 11 and 10 percentage points, respectively, with local government reporting decreased anticipated IT spending, slipping five percentage points since October. Within the private sector, IT decision-makers at medium-size businesses anticipating an IT budget increase soared seven percentage points since October, while small and large-size businesses each grew one percentage point.
The survey findings also indicated that more than a third (36 percent) of IT decision-makers plan to spend on mostly new assets, up eight percentage points overall, with medium- and large-size businesses seeing 14- and eight-percentage point increases, respectively. Those planning large investments climbed three percentage points overall, led by double-digit growth among decision-makers at medium-size businesses and within state government. Despite overall anticipated IT hiring dropping two percentage points since October, IT decision-makers at medium-size businesses and within federal government are expecting hiring increases of three and two percentage points, respectively, over the next six months.