US IT spending to grow 7% in 2005
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US spending on information technology goods, services, and staff will grow seven percent in 2005 and continue at a similar pace through 2008, according to a study released Monday by Forrester Research.
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The U.S. government will spend close to $22 billion on IT projects by the end of September, as agencies rush to spend their budgets by the end of the fiscal year, says a report from Input, an analyst focused on government contracts.
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Businesses are planning to scale back their IT spending in the third quarter of 2007, according to a survey released Friday by an investment research firm.
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The network equipment maker reported that its quarterly net income grew 7.2 percent amid growing concern that economic weakness could affect technology spending this year.
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(InfoWorld) - Businesses are planning to scale back their IT spending in the third quarter of 2007, according to a survey released Friday by an investment research firm. IT spending usually slumps in May, but now, the percentage of companies planning to increase their spending has fallen to its lowest point in the last four years. The portion of technology and business executives who plan to increase IT spending fell from 34 percent in November to 26 percent in May, according to the report from ChangeWave Research, a division of Phillips Investment Resources. The survey also showed signs of weak spending throughout the second half of 2007 with the biggest slowdown hitting the server market. The portion of technology leaders who said their companies do not plan to buy any servers during the third quarter rose from 31 percent to 35 percent, the survey said. The results came from responses to a poll of 2,029 senior technology and business executives during the week of May 15. The forecast seems to validate Dell's decision, announced Thursday, thatÂ it would lay off 10 percent of its 88,100 employeesÂ over the next 12 months after profit fell slightly for the first quarter. Dell fared the worst of all PC vendors in the survey, which showed that the number of businesses planning to buy Dell desktops and notebooks has fallen to its lowest level in two years. The portion of corporate buyers planning to purchase a Dell desktop over the next quarter fell from 45 percent in August 2005 to 34 percent now. The numbers for laptops were almost the same. In contrast, Hewlett-Packard hit a two-year high in the number of businesses planning to buy both desktops and notebooks. Apple and Lenovo were essentially flat, while Gateway showed an increase in desktop demand. "There are rays of light; HP has shown an extraordinary rise, and there's a little pop in consumer spending. But business IT spending is undeniably slowing down, and it has been for a while, actually," said Paul Carton, director of research at ChangeWave Research. Part of that spending pullback is driven by the normal seasonal business cycle, he said. But in 2007, many companies are cutting their IT spending more than usual as they look for extra funds to meet rising energy costs. The slump in corporate IT spending plans is not the only sign of a softening economy. The analyst group GartnerÂ scaled back its forecast for 2007 global semiconductor revenue growthÂ on Thursday from a 6.4 percent rise over 2006 levels to just 2.5 percent. That soft market could put a big dent in future earnings for processor vendors like Intel andÂ AMD and for memory chip vendors like Samsung.
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IT spending is forecast to grow in the high single-digits next year and remain on that pace through 2008, according to two reports released Monday by Forrester Research.
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The outlook for the US economy in 2007 has picked up, a survey indicates, thanks to robust consumer spending.
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Spending in Eastern Europe and Asia  is expected to lead a recovery in the global technology market  over the next three years, according to an industry report  released Tuesday.
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The spyware plague will trigger a 2,500 percent increase in enterprise spending by 2008, a market-research firm reports. By Gregg Keizer.
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IT job growth will be driven primarily by the nation's largest employers, according to new data.
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Global market share of new andused PCs running Linux operating system is expected to grow from 3percent in 2003 to 7 percent in 2008, IDC, a US high tech market research firm, predicted on Wednesday.
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(InfoWorld) - SMBs in North America expect to increase their IT spending by an average of only 2 percent this year after boosting spending 8 percent in 2006, according to a Forrester Research survey. The survey of about 1,200 businesses with six to 999 employees released Tuesday showed that 62 percent of them have an optimistic outlook for their companies this year, up from 46 percent in a 2006 survey, but that doesn't translate into significantly more IT spending, said analyst Michael Speyer. "Last year's spending increased fairly robustly. The ... market is telling us now, 'Guess what? We're going to keep it steady now,'" Speyer said. IT spending will focus on new hardware purchases and added personnel. Hardware spending is expected to focus on replacing or upgrading servers and the regularly scheduled replacement of about 25 to 30 percent of companies' desktops and workstations. Software purchases will be mostly of network security and Web application products. Twenty percent of IT managers surveyed said improving the efficiency of their IT systems is a top priority, and 33 percent of them are focused on measuring the impact of their IT spending on business performance. Although virtualization is a big trend in IT, SMBs are less focused on it than are large enterprises, Speyer said. Virtualization, which, among other things, makes it easier to run multiple software applications simultaneously on one physical server, enables a company to consolidate the number of servers it operates. But SMBs are less likely to use virtualization for server consolidation because the potential savings are not as great as in enterprises. "If you look at a typical midmarket company, anything from 12 to 17 servers, there's not a whole lot of hardware there. Where server consolidation plays out is in the enterprise space where you have hundreds of servers," he said. Although SMBs may do some server consolidation, they may still buy some new servers for disaster recovery and security purposes and to run new software applications, the survey said. And although new technology is supposed to increase automation, SMBs will devote 29 percent of their IT budgets to full-time IT staff, the highest of any spending category, including hardware, software, and networking equipment. As IT systems grow, they get more difficult to manage, but SMBs don't have the in-house staff to manage systems as an enterprise does, Speyer said. So while they may have to hire more full-time employees or part-time contractors, they may also turn to system integrators or value-added resellers to take over some management functions. IT spending also varied by industry sector. Spending is expected to rise most steeply in the telecommunications sector (7 percent), business services (5 percent), and finance and insurance (3.4 percent). It is expected to decline in the manufacturing sector (-0.6 percent) and the media, entertainment, and leisure sector (-0.9 percent).
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Federal spending on contractors is expected to grow more quickly than it has historically in 2005, with contractors that specialize in technology services growing the most according to experts.  -The Washington Post
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Online consumers in the United States spent $8.8 billion, excluding travel purchases, in November, a 19 percent jump over the $7.4 billion spent online a year earlier, a report released on Monday said.
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The latest Tech Poll from CIO Magazine indicates that IT spending next year will rise -- but not as fast as CIOs thought earlier this year. A separate study from Equs Group Inc. paints a rosier IT spending picture.
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The US economy grew faster than expected in the last quarter of 2006, lifted by consumer spending.
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Global disk storage spending grew by almost 10% in the third quarter of 2006, according to new IDC research.