Tech industry growth
A new survey shows tech execs expect growth in revenue over the next 24 months. Mobility, health care and data/analytics are major drivers.
Four out of five tech industry execs expect their companies’ revenue to increase.
Nine in 10 predict the U.S. will provide the most revenue growth over the next 24 months.
27% said mobility will be their company’s largest revenue driver over the next 24 months, followed by health care IT (22%) and data/analytics (19%).
More than one-half said the speed of the economic recovery presents the greatest risk to company growth, while 40% cited the impact of new regulations.
Three out of five expect their companies to increase head count within the next 12 months, with 81% saying the U.S. will have the highest employment growth over the next 24 months.
23% said their companies have suffered security breaches in the past 12 months.
Three-quarters expect their companies to spend 1% to 5% of their revenue on IT security in the next 12 months.
64% expect to increase spending on R&D within the next 12 months.
17% said their companies plan to move manufacturing back to the United States in the next 24 months, and the same percentage plans to add to their U.S. manufacturing operations.