New research shows that 87 percent of businesses plan to increase or maintain their IT budgets in the coming year, with an average budget increase of just under 5 percent.
IDG’s CIO magazine revealed in new poll that core technologies such as infrastructure, network and storage still get the largest allocation of tech budgets, but spending on edge technology has increase by 5 percent in the past year, now accounting for 32 percent of budgets. That number is short of the 2012 estimate, where IT leaders thought edge spending would reach 39 percent in the one to three years that followed.
One area showing some significant growth is applications. More than half of organizations are increasing spending in this area, with a 6 percent increase year over year. Mobile investments are strong, with 47 percent of IT execs increasing spending. Forty percent said they are spending more on outsourced IT services, including cloud.
In the coming year, 47 percent of IT leaders said they would increase spending on new projects. Enterprises, organizations with more than 1,000 employees, are more likely to focus new spending on customer interactions and experience compared to SMB organizations, organizations with less than 1,000 employees.
"Enterprises are not only spending on new projects to help advance their organizations' goals, they are investing in solutions from new technology companies at a much higher rate than SMBs," said Adam Dennison, SVP and publisher, CIO. "Enterprises are looking for the best solution and are not worried that those solutions are coming from new companies that could potentially be acquired. This provides new vendors a great opportunity to showcase their agile and innovate technology solutions to help exceed business results."
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