IT directors say spending growth will stay low, but future is bright

IT managers and directors on both sides of the Atlantic believe that IT spending growth is set to remain low, according to...

IT managers and directors on both sides of the Atlantic believe that IT spending growth is set to remain low, according to research from RoperNOP Technology.

The study found that key IT decision makers in the US and the UK expect a 4% increase in IT investment in 2002. Double-digit growth was the norm during the 1990s and in 2000.

Networking equipment, systems software and enterprise servers were all key areas cited as driving the long-term increase in IT spending. US respondents also mentioned the importance of investment in desktop and laptop PCs.

Richard Jameson, managing director at RoperNOP Technology, said, "My interpretation of this is that a lot of projects have been put on hold, which frees up a lot more in-house resources to handle those that remain." However, he stressed that the research also revealed a degree of cautious optimism about the future of IT investment.

The results are based on a survey of 600 IT decision-makers in organisations ranging from small firms to large corporations.

RoperNOP, which is the technology division of market research company NOP World, plans to undertake the survey annually among 4,000 key IT decision makers in the UK, France, Germany and the US.

Read more on IT strategy

SearchCIO
SearchSecurity
SearchNetworking
SearchDataCenter
SearchDataManagement
Close