Survey: U.S. IT spending forecast worst since 2001
45% plan to spend less on IT in Q1 '09
IDG News Service - Forty-five percent of respondents to a new survey from ChangeWave Research said that their companies will spend less money or nothing at all on IT during the first quarter of 2009. That's the highest percentage of ChangeWave survey respondents to answer that way since 2001.
ChangeWave surveyed 1,926 people in the U.S. involved with IT spending at their organizations. The study was conducted Nov. 6-12.
Only 10% of respondents said that they plan to spend more on IT in the first quarter; in an August survey, 13% said that they planned to spend more.
"It's not just that the numbers are so horrific right now, it's that this is the point seasonally that we expect to see spending improve. Instead, we're seeing a collapse," said Paul Carton, research director at the Rockville, Md.-based investment research firm.
"We're just looking for a break in the gloom," Carton added. "It doesn't even have to go up. Even if the rate of spending levels off, that would be a bullish indicator."
The study indicated that IT organizations have already been engaged in some heavy belt-tightening. Thirty-nine percent of the respondents said that they have spent less than originally planned so far during the fourth quarter; in the last survey, 30% said that they had spent less than originally planned so far during the current quarter.
Respondents are also feeling increasingly skeptical that a quick economic recovery will occur. Forty-eight percent expect their IT budgets to be lower in the first half of 2009 than they were during the same period this year -- that's more than double the percentage of respondents who answered that way in the previous survey.
Larger enterprises are pulling back on spending slightly more than smaller ones, according to the study. Forty-nine percent of respondents at companies with 1,000 or more employees said they would spend less money or nothing on IT in the first quarter, compared to 43% of those at organizations with one to 10 workers.
- 15 Non-Certified IT Skills Growing in Demand
- How 19 Tech Titans Target Healthcare
- Twitter Suffering From Growing Pains (and Facebook Comparisons)
- Agile Comes to Data Integration
- Slideshow: 7 security mistakes people make with their mobile device
- iOS vs. Android: Which is more secure?
- 11 sure signs you've been hacked
- Future Focus: What's Coming in Enterprise Mobility Management (EMM) Find out why Enterprise Mobility Management (EMM) solutions that are truly future-ready must be designed to enable Machine-to-Machine (M2M) capabilities and much more.
- The CIO's Guide to Enterprise Mobility Management (EMM) This guide will help those making an EMM platform decision make the best choice for their organization.
- Yankee Group: BlackBerry Results Refute Rumors of its Demise Yankee Group: BlackBerry® is stronger than the press makes it out to be.
- Your New EMM Platform: How to Streamline the Migration Smartphone migration can be resource-intensive and challenging. Find out how outsourcing the process can save significant time and money.
- Live Webcast Increasing the Value of Your Reports and Dashboards Learn how incorporating other analytical capabilities such as predictive modeling and visualization can increase the value of your reports and dashboards by providing...
- Testimonial: Cystic Fibrosis Trust Peter Hawkins, the Head of IT for Cystic Fibrosis Trust, discusses the role CommVault's Simpana software platform plays in improving the company's information...
- Increasing the Value of Your Reports and Dashboards Learn how incorporating other analytical capabilities such as predictive modeling and visualization can increase the value of your reports and dashboards by providing... All Management White Papers | Webcasts