IT Execs Confident in Industry’s Future, Yet They Worry

IT confidence

1 - Overall IT Industry PictureOverall IT Industry Picture

The overall IT Industry Business Confidence Index is 62.1, up nearly two points from last quarter.

2 - Technology Sector vs. Overall EconomyTechnology Sector vs. Overall Economy

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.

3 - Full Speed AheadFull Speed Ahead

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.

4 - Top Potential Growth Inhibitors: Purchase DecisionTop Potential Growth Inhibitors: Purchase Decision

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.

5 - Top Potential Growth Inhibitors: Margin CallTop Potential Growth Inhibitors: Margin Call

38% are nervous about the IT industry getting squeezed by decreasing margins.

6 - Top Potential Growth Inhibitors: Political ConsiderationsTop Potential Growth Inhibitors: Political Considerations

33% say government regulation and/or gridlock could emerge as a major inhibitor.

7 - Top Potential Growth Inhibitors: Drag TimeTop Potential Growth Inhibitors: Drag Time

24% are concerned about the possibility of lengthy sales cycles.

8 - Top Potential Growth Inhibitors: Malaise DaysTop Potential Growth Inhibitors: Malaise Days

24% cite a general lack of confidence/paralysis as a top concern.

9 - Top Potential Growth Inhibitors: Talent GapTop Potential Growth Inhibitors: Talent Gap

24% fear that a lack of available skilled workers and/or labor costs could hurt future growth.

10 - Top Potential Growth Inhibitors: Change AgentsTop Potential Growth Inhibitors: Change Agents

23% view disruptive tech or business models as a top potential obstacle.

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