App development
IT 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.
IT 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.
Biggest 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%).
Value 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%.
Offshore IT Spending
Just over half (52%) report winning or awarding offshore IT projects, compared with 48% who didn’t.
Outlook 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.
Ebbing 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.
Primary 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%.
Vendor Evaluation Criteria
Experience and expertise topped the list of vendor criteria (at 57%), followed by cost/benefit (39%) and product/solution offering (32%).