SHARE

IT Pros Voice Optimism Amid Industry Transitions

Optimism Robust Expansion The global IT market will grow by 5% this year, up notably from a prior forecast of 3.4%. Segment Breakdown Telecom services account for 44% of the global IT market, followed by IT hardware (27%), services (18%) and software (11%). Optimistic Outlook, Part I The current IT Industry Business Confidence index is […]

Written By: Dennis McCafferty

Feb 3, 2015

Channel Insider content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More

Optimism

Robust Expansion

The global IT market will grow by 5% this year, up notably from a prior forecast of 3.4%.

Segment Breakdown

Telecom services account for 44% of the global IT market, followed by IT hardware (27%), services (18%) and software (11%).

Optimistic Outlook, Part I

The current IT Industry Business Confidence index is 64.5, up 2.4% from the last quarter of 2014.

Optimistic Outlook, Part II

39% of IT industry execs and professionals said margins/profitability are getting better, up from 33% in 2012.

Bigger Budget

50% anticipate that their companies will increase their investments in new products or business lines, and 47% expect to increase spending on tech.

Formidable Barriers

40% cited “price-sensitive” customers who are hesitant to spend as a major growth inhibitor, while 30% said it’s the presence of government regulation, gridlock and/or regulatory uncertainty.

Job Growth

As of late last year, the industry posted more than 581,000 job openings for core IT positions—including computer and information systems managers, programmers, software/app developers and database administrators—up from about 534,400 openings the year before.

Tall Order

68% of IT industry execs and professionals described the hiring environment for tech positions as “challenging” or “very challenging,” compared with just 14% who don’t feel the environment is challenging.

Short-Handed

43% of tech industry execs and professionals said their companies are understaffed.

Temporary Solution

43% said they deal with being understaffed by requiring employees to put in more time on the job, and 31% are using contract/temp workers.

IT Pros Voice Optimism Amid Industry Transitions

Dennis McCafferty

Recommended for you...

Company

Categories