IT confidence
Overall IT Industry Picture
The overall IT Industry Business Confidence Index is 62.1, up nearly two points from last quarter.
Technology 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.
Full 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.
Top 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.
Top Potential Growth Inhibitors: Margin Call
38% are nervous about the IT industry getting squeezed by decreasing margins.
Top Potential Growth Inhibitors: Political Considerations
33% say government regulation and/or gridlock could emerge as a major inhibitor.
Top Potential Growth Inhibitors: Drag Time
24% are concerned about the possibility of lengthy sales cycles.
Top Potential Growth Inhibitors: Malaise Days24% cite a general lack of confidence/paralysis as a top concern.
Top Potential Growth Inhibitors: Talent Gap
24% fear that a lack of available skilled workers and/or labor costs could hurt future growth.
Top Potential Growth Inhibitors: Change Agents
23% view disruptive tech or business models as a top potential obstacle.