The overall IT Industry Business Confidence Index is 62.1, up nearly two points from last quarter.
The rating of the tech-industry economy on the part of IT execs is 66, compared with a 54.1 rating for the U.S. economy among those IT execs.
61% of large IT firms rate their own companies positively overall in terms of confidence in future performance/growth, while 64% of midsize firms and 60% of small firms do the same.
45% of IT industry execs list the possibility of reduced spending on the part of price-sensitive customers as a top, potential growth inhibitor for the near future.
38% are nervous about the IT industry getting squeezed by decreasing margins.
33% say government regulation and/or gridlock could emerge as a major inhibitor.
24% are concerned about the possibility of lengthy sales cycles.
24% cite a general lack of confidence/paralysis as a top concern.
24% fear that a lack of available skilled workers and/or labor costs could hurt future growth.
23% view disruptive tech or business models as a top potential obstacle.