IT Spending Increases on the Way

Ann All

Last month IT Business Edge's Art Cole wrote a post about how the IT spending outlook for 2010 appeared to be improving, with Gartner and Forrester Research among the industry analysts predicting spending gains in excess of 5 percent. That's admittedly not a big number, but it seems pretty huge coming off such a nasty recession. (In spoilsport mode, Art points out that, at least with Gartner's prediction, the impact of currency fluctuations actually accounts for most of the increase.)

 

Still, there does seem to be cause for optimism. SearchCIO.com's April survey of IT budgets and spending priorities shows a much rosier outlook than the publication's last survey in November, in which 35 percent of respondents said their companies would cut IT expenditures in 2010, as 52 percent of respondents to the latest survey said they expect to spend more in the next three months than in the last quarter. Of those spending more, 72 percent will use funding for projects that were put on hold when the economy soured.

 

Storage, enterprise applications and servers are the top spending priorities for companies with growing budgets. Twenty-seven percent of companies with budget increases also plan to spend more on staffing. That matches up with staffing forecasts from CareerBuilder and other sources.

 

Last month Microsoft said its research showed SMBs will increase their tech spending this year.

 

Investors are also showing increased confidence in the technology market, following strong first-quarter results for Intel, AMD and Google, reports BusinessWeek.



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