Mobility, Analytics Drive Tech Industry Growth
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Mobility, Analytics Drive 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. -
Sunny Forecast
Four out of five tech industry execs expect their companies' revenue to increase. -
Leading Nation
Nine in 10 predict the U.S. will provide the most revenue growth over the next 24 months. -
Market Movers
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%). -
Potential Roadblocks
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. -
People Power
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. -
Vulnerable to Breaches
23% said their companies have suffered security breaches in the past 12 months. -
Funding for Security
Three-quarters expect their companies to spend 1% to 5% of their revenue on IT security in the next 12 months. -
Funding for Research
64% expect to increase spending on R&D within the next 12 months. -
Domestic Bliss
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.
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Why Metrics Matter to the Channel The vast majority of tech company executives expect their revenue to grow in the next two years, according to a recent survey from KPMG. True, the overall pace of the economic recovery—along with new regulations—presents potential obstacles, the study suggests, but most industry execs convey optimism, and are planning to boost staffing as a result. As for market drivers, look for mobile solutions, health care IT, devices, apps and data/analytics to dominate over the next two years. "Unlike a few years ago when respondents picked cloud and mobile as the biggest projected revenue drivers, they're now identifying a much broader range of technologies to boost growth in the coming 12 months," said Gary Matuszak, global chair of KPMG's technology, media and telecommunications practice. "Yet, regardless of how confident they are in their strategy, in today's hyper-competitive marketplace marked by rapid technology innovation, it is important for tech companies to remain agile, in case they need to pivot." The findings also offer insight on growing concerns over security, as a notable share of tech companies have had their systems compromised over the past year. A total of 111 U.S.-based tech industry executives took part in the research.