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%).

Michael Vizard
Michael Vizard
Michael Vizard is a seasoned IT journalist, with nearly 30 years of experience writing and editing about enterprise IT issues. He is a contributor to publications including Programmableweb, IT Business Edge, CIOinsight, Channel Insider and UBM Tech. He formerly was editorial director for Ziff-Davis Enterprise, where he launched the company’s custom content division, and has also served as editor in chief for CRN and InfoWorld. He also has held editorial positions at PC Week, Computerworld and Digital Review.

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