Feeds

IT Tech Barometer points to bigger budgets

Patchy. Very Patchy

  • alert
  • submit to reddit

Gartner critical capabilities for enterprise endpoint backup

A survey of IT managers in Europe and US points to signs of "real growth" in budgets in 2003.

In the US corporate IT spending is forecast to increase by 5.9% over 2002, while an increase of 6.8% is predicted in Europe. But spending will be patchy, concentrated on a few, key technologies, according to the RoperNOP Technology Confidence Barometer. But at least growth will be sustainable, unlike in the days of irrational exuberance of the IT sector in the late 90s through 2002, the survey notes.

In its December "wave", the Technology Confidence Barometer picks up on significant budget increases planned for technology which uses the "infrastructure of the Internet for organisations to communicate efficiently and securely".

US IT decision makers are more gloomy than most of their European counterparts about short-term prospects in 2003. The outstanding exception is Germany, where the "weak economy appears to be holding back technology investment". Long-term, US decision makers remain confident about the overall longer-term growth prospects for IT investment, but right now they are less confident about their IT budgets now than when they were last polled in July, 2002.

So what are the hot budget areas?

  • Web-based applications and VPNs

  • Data and comms security - AV software, firewalls, access control systems and encryption technologies.
  • Data storage and high speed data transmission
  • Mobility: handheld devices, laptops and notebooks, wireless LANs

So that's kinda good news for many vendors. The bad news is that big capital expenditure is off the agendas of most companies. Consolidation of suppliers and ever-increasing pressure to measure return on investment are also noted. Also it remains very much an IT buyer's market, as this instructive Infoworld

feature

reveals. ®

Related stories

IT budgets loosened (just a little) in 2003 -Gartner
IT spending dropped in Q4 2002- can 2003 be that gloomy?
Merrill outlines Euro 2003 IT spending outlook
Goldman Sachs issues gloomy IT spending outlook
US IT sales to hit $500bn in 2003

The essential guide to IT transformation

More from The Register

next story
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Premier League wants to PURGE ALL FOOTIE GIFs from social media
Not paying Murdoch? You're gonna get a right LEGALLING - thanks to automated software
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Ballmer quits Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.