Product Type: Market Research Report
Published by: Datamonitor
Published: September 2009
Product Code: R313-54407Description Introduction
The rising sentiment that the global economy is starting to show signs of recovery is having a positive impact on planned IT budgets in 2010. The most recent Technology Trends survey of 529 IT decision makers conducted in H1 2009 (March-June) shows a significant rise in the proportion of respondents who are planning to increase their IT budget.
Scope- A detailed analysis of how IT budgets have been affected by the economic downturn.
- Assessment of business priorities and investment plans for 2010.
- Evaluation of enterprises' perceptions of technology disruptors in the context of the global recession.
Highlights
Enterprise confidence appears to be returning: a third of respondents in Datamonitor's H1 2009 Technology Trends survey have indicated that they will increase their IT budget in 2010. This is a positive sign for vendors as it indicates that businesses are starting to believe that the worst of the market turmoil is over.
The findings from Datamonitor's survey of IT decision makers reveals that enterprises are more interested in increasing their customer retention and satisfaction then cutting costs. This is consistent with the fact that the proportion of respondents who plan to decrease their IT budget has fallen over the last 6 months.
Some industries will be slower to recover then others. Enterprises in the financial markets, media, manufacturing and retail industries will be extremely cautious with their IT expenditure until the pace of the economic recovery starts to pick up, which may not be until the end of 2010.
Reasons to Purchase- Understand enterprises' business priorities in 2009 in order to target your marketing campaigns effectively.
- Discover how enterprises' IT budgets are set to change in 2010 and learn which verticals and geographies are most likely to increase their budgets.
- Optimize your go-to-market strategy with insight from over 529 IT decision makers
Table of Contents - DATAMONITOR VIEW
- CATALYST
- SUMMARY
- IT MARKET ANALYSIS
- Financial analysis reveals that vendor revenues declined across most market segments
- The global economy is stabilizing as some developed economies show signs of growth
- IT BUDGET ANALYSIS
- Total enterprise IT expenditure is set to rise in 2010 compared to 2009
- Despite the rising proportion of budget increases most enterprises remain cautious
- The healthcare industry remains the most resilient in terms of IT expenditure
- Enterprises in the financial markets are having to restructure their operations as they look to cut costs
- The media industry is still suffering from falling advertising revenues that will affect IT investment
- Despite falling tax revenues some government agencies will continue to increase investment in IT
- IT budgets in retail and manufacturing are expected to remain mostly flat as demand rises slowly
- Enterprises in France are still planning significant IT budget decreases despite slight economic recovery
- Small businesses are more likely to keep their IT budget flat in 2010
- Enterprises are focusing on improving customer satisfaction and raising efficiency
- Enterprises have mixed perceptions about the potentially disruptive technologies
- SUMMARY
- The IT industry has gone through a turbulent period, but there are signs of recovery
- APPENDIX
- Definition
- Methodology
- Further reading
- Ask the analyst
- Datamonitor consulting
- Disclaimer
- List of Tables
- Table 1: Revenues reported by IT and telecoms segments, Q1 2008 to Q1 2009 ($ billion)
- Table 2: % change in GDP compared to previous quarter
- Table 3: How did your IT budget change in 2009? How will it change in 2010?
- Table 4: How did your IT budget change last year? How will it change next year?
- Table 5: How did your IT budget change last year? How will it change next year?
- Table 6: How did your IT budget change last year? How will it change next year?
- Table 7: How did your IT budget change last year? How will it change next year?
- Table 8: What are you business priorities for IT investment?
- Table 9: How do current economic conditions affect your view of these paradigms?
- List of Figures
- Figure 1: Revenues reported by IT and telecoms vendors segmented by sector, Q1 2008 to Q1 2009
- Figure 2: Developed economies are showing signs of recovery
- Figure 3: Enterprises are planning to increase their IT budgets in 2010
- Figure 4: From a historic perspective, the rise in IT budgets is relatively modest
- Figure 5: Enterprise confidence varies by vertical industry with manufacturers being the most pessimistic
- Figure 6: Proportion of IT budget increases varies significantly across the regional markets
- Figure 7: Large enterprises are still implementing budget cuts
- Figure 8: Cutting costs is not the top priority for enterprises even in tough times
- Figure 9: Technology disruptors are being viewed more favorably by some respondents
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