IT managers will spend slightly more this year on technology, and many are particularly keen to invest in storage virtualisation, according to a survey by financial services firm Goldman Sachs.
By submitting your email address, you agree to receive emails regarding relevant topic offers from TechTarget and its partners. You can withdraw your consent at any time. Contact TechTarget at 275 Grove Street, Newton, MA.
The annual poll of 100 executives in charge of technology purchases revealed that the top three spending priorities remain security, application integration and compliance risk management.
Investment in portal technology ranked fourth in the list of priorities, up from 15th position in the previous year's survey. IBM and BEA, which recently bought rival Plumtree, were the most used portal suppliers.
Nearly 20% of IT purchasing managers expected their IT spending to rise by 10% or more this year, according to the survey.
On regulatory and industry compliance, Goldman Sachs said, "Some of our recent checks indicate that compliance could be an even greater driver of software spending in 2006 than in 2005 as customers increasingly look to automate manual compliance processes."
Thirty five per cent of respondents said they were planning to implement storage virtualisation over the next 12 months - a number that has nearly doubled since last June. EMC was quoted as the most popular supplier for this, followed by Hewlett-Packard and IBM.
Many IT executives said they were investing in service oriented architectures and web services, with Microsoft cited as the most common strategic software partner in helping them move to these models, followed by Oracle, IBM and SAP.
Nearly 33% of the IT managers surveyed said they planned to increase their Oracle database capacity over the coming 12 months. Sixty seven per cent of respondents said they expected to increase their network spending in the next 12 months, and 58 % expected to increase their spending on communications equipment during 2006.
Read article: Benefits of virtualisation