IT Spending Growth Plans Shift in 2015
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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%).
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Why Metrics Matter to the Channel IT spending in 2014 was much better than most IT professionals expected, thanks largely to a recovering economy, but IT spending growth may be less robust in 2015, according to a new survey from DATA Inc., an IT solutions provider. The survey, based on a poll of 180 IT and business professionals from October to December, finds that while more than five in 10 expect IT spending to increase in 2015, 34 percent report IT spending will remain the same. However, nine in 10 said they do not anticipate a drop in their companies' IT budgets this year. There's good news in that a little over three-fourths report that are either satisfied or very satisfied with their vendors in 2014, which suggests they should be looking to continue investing in existing products and services. Additionally, respondents cited application development and service-oriented architecture (SOA) as the top two areas that IT organizations plan to invest in, so solution providers would do well to focus on them. Channel Insider examines key data points from the study.