15. January 2009 12:10
Compass Intelligence anticipates US IT spending to reach $714.5 billion in 2009, an increase of 4.1% from the previous year. This growth rate reflects a slight climb from 2008 growth rates (3.7%). While spending in 1H 2009 will be restricted due to the economic environment, spending is expected to improve in 2H 2009. Growth rates will continue to climb throughout the remainder of the forecast. Growth will tend to stem from small and mid-sized companies and less from enterprise businesses. While the total US IT market will grow 4.1% in 2009, enterprise spending will account for just 2.8% of spending growth. Enterprise businesses, despite their slower growth in spending, will remain the largest spending category.
Spiking unemployment is expected to drive growth in a new class of at-home businesses and will open up some interesting, though moderate revenue opportunities for ICT vendors able to go that far down-stream. Given the current environment, IT vendors and providers will need to search harder to find areas of light in an otherwise dark economy. Based on a study of 10,527 working Americans, Compass Intelligence finds the following:
• 81.3% of respondents believe that America will rise stronger from the current economic crisis due to lessons learned.
• Nearly 30% of survey participants anticipate increasing their 2009 IT budget as compared to 2008.
• The top three spending categories for 2009 are computer systems, wireless services/applications, and web infrastructure.
Below are a few links to the most recent Business IT reports, including the one from this research (first bullet):
Written By: Amy Cravens, Contributing Guide,
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