March CIO Poll Predicts IT Budget Growth
Published: 03 April 2006
by Staff
San Francisco – A March poll of CIOs nationwide predicts an 8.6% growth in IT budgets over the next year, up from 7.8% in December’s poll. Deutsche Bank analyst Chris Whitmore added in a research note that spending projections were up in all categories, except security software, which was flat.
Results from small firms (101-500 employees) were most bullish, forcasting 13% IT budget growth, and even smaller firms expected 12% growth. Large firms predicted 7% growth, with medium firms expecting a 5% increase.
The DB poll showed storage systems as the spending priority with 56.7% of respondents planning to increase spending, up from 49.7% in December. Security software placed second with 50.8% planning to increase spending.
March results indicate that 48% of panelists plan to increase spending on computer hardware, including 57.1% of CIOs at very large companies (vs. 50% for that group in December). More small and large companies also predicted spending increases than in December.
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