IT Spending Expected to Rise in 2014

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Software investments account for nearly one-third of annual IT budget.

  • When asked what software IT professionals were planning to purchase in 2014, 60 percent said they expect to purchase operating systems and productivity suites for end-user environments. Fifty percent of respondents are planning to purchase virtualization solutions and 49 percent expect to buy security software.
  • IT professionals will spend an average of 22 percent of their 2014 software budget on productivity suites, 21 percent on operating systems, 15 percent on virtualization solutions and 13 percent on security products.
  • Among the IT professionals planning to purchase virtualization, productivity, operating system, security or database software solutions in 2014, an overwhelming majority will upgrade or maintain existing applications. However, among those purchasing new software in 2014, virtualization leads the way with 39 percent of IT professionals choosing to purchase a new offering.

Spiceworks, the vertical network for IT, recently announced the results of a new survey examining the 2014 spending priorities of IT professionals in North America as well as their view on growth within their organizations. On average, IT professionals surveyed plan to invest more than $300,000 on IT products and services this year, and 79 percent said their 2014 IT budgets would increase or remain the same over last year. Respondents are also optimistic about the prospects for growth within their companies. Fifty-seven percent of those surveyed expect their organizations' revenues to increase and 45 percent expect company headcount to rise.

"Improvements in the North American economy coupled with aging application and hardware infrastructures, such as Windows XP-based environments, are driving IT spending this year," said Kathryn Pribish, voice of IT program manager at Spiceworks. "IT professionals are cautiously optimistic and are investing in the technologies that will drive their organizations forward and make employees more productive."

The "2014 State of IT Budget Report" found that IT professionals plan to spend 44 percent of their 2014 IT budget on hardware solutions, 31 percent on software products, and 14 and 11 percent on hosted/cloud-based and managed services, respectively.


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