IT Spending Expected to Rise in 2014

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Cloud services budgets focused on existing services.

  • As expected, the overwhelming majority of IT professionals planning to invest in a cloud solution will continue to purchase an existing service. However, 32 percent expect to purchase a new cloud-based productivity suite and 31 percent are planning to deploy a new online backup/recovery solution.
  • When asked which cloud services IT professionals are planning to purchase in 2014, 49 percent said Web hosting, 44 percent highlighted email hosting and 38 percent said they would be purchasing an online backup/recovery product.
  • Among those planning to purchase a cloud service in 2014, IT professionals said they would spend an average of 15 percent of their cloud budget on online backup/recovery products and email hosting. Respondents said they would spend 12 percent of their 2014 cloud budget on Web hosting solutions.

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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