1IT Spending Forecast Remains Mixed Despite Overall Revenue Surge
While business revenues are expected to increase for a clear majority of companies next year, IT budget growth projections are more conservative, according to a recent survey from Spiceworks. The resulting report, titled “The State of IT 2019,” indicates that roughly one-half of organizations will keep next year’s tech budget “as is,” although far more businesses will see increases as opposed to decreases. In terms of spending priorities, the upgrading of outdated IT infrastructure tops the “to do” list, followed by tech projects overall and improved security. More than 700 business technology buyers in North America and Europe took part in the research. The following slide show presents survey highlights, with charts provided courtesy of Spiceworks.
2Company Revenues Projected to Rise
3IT Budget Forecast Presents Mixed-to-Positive Findings
4Infrastructure Updates Lead Spending Priorities
5Organizations Eye Expanded Tech Staffing
The need to increase tech employee headcount is also driving IT budget increases, as cited by 43 percent of respondents. Other top budget-growth considerations include regulatory change (as cited by 37 percent of respondents), the need to increase business revenue (30 percent) and corporate tax cuts (12 percent).
6Hardware Tops Tech Spending Categories
7Desktops Still in High Demand
8Software Funds to Support OSes, Virtualization, Productivity and Security
9Cloud Viewed as Major Backup Plan
10‘End of Life’ Issues Bring Purchase Opportunities
11Purchases Receive CEO and Business-Side Input
Tech purchase decisions are frequently receiving input from the very top of the executive ladder, with 38 percent of respondents revealing that their CEO/president is involved in these decisions. About three of 10 said business line directors, finance/procurement execs and business-line managers are involved too.