IT Spending Growth Plans Shift in 2015

App development

1 - IT Spending Rose in 2014IT Spending Rose in 2014

81% report that IT spending increased in 2014, vs. 19 percent who reported a decline. A full 92% of midsize businesses reported an increase.

2 - IT Vendor Satisfaction in 2014IT Vendor Satisfaction in 2014

29% said they are very satisfied and nearly half (47%) said they are satisfied. But almost a quarter (24%) report not being satisfied.

3 - Biggest Challenge Investing IT SolutionsBiggest Challenge Investing IT Solutions

Cited by 61%, cost was the biggest issue. The next two biggest challenges were adaptation (43%) and lack of expertise (40%).

4 - Value of IT Projects in 2014Value of IT Projects in 2014

Projects valued at under $499,000 were reported by 29%; projects valued at over $5 million were reported by 36%.

5 - Offshore IT SpendingOffshore IT Spending

Just over half (52%) report winning or awarding offshore IT projects, compared with 48% who didn’t.

6 - Outlook for 2015 SpendingOutlook for 2015 Spending

56% said IT spending will increase in 2015 while 34% said it will remain the same. Only 10% said it will decrease.

7 - Ebbing Optimism in This Year's SurveyEbbing Optimism in This Year’s Survey

The 56% who said IT budgets would increase in the coming year is down from 88% in 2012 and 70% in 2013.

8 - Primary Focus of IT SpendingPrimary Focus of IT Spending

Application development topped the list of priorities, at 61%, followed by service-oriented architecture (SOA), at 56%, and support services, at 55%. Infrastructure was at 54%.

9 - Vendor Evaluation CriteriaVendor Evaluation Criteria

Experience and expertise topped the list of vendor criteria (at 57%), followed by cost/benefit (39%) and product/solution offering (32%).

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