IT Execs Feeling More Optimistic About Economy

For the first time in a long time, the demand for IT products and services is growing at a significant pace, leading to positive sentiments in CompTIA‘s latest IT Industry Business Confidence Index.

But there’s still room for improvement.

Compared to other economic recoveries, this one still leaves a lot to be desired,” said Tim Herbert, vice president of research for CompTIA. Progress in some areas has been slow, but were finally seeing signs of renewed stability. The IT sector continues to be an important player in driving economic and job growth.”

Indeed, CompTIA’s Index, based on an April online survey of IT execs and professionals, recorded a gain of 4.6 points to 56.7 on a 100-point scale. Perhaps even better is that the Index an aggregation of opinions on the U.S. economy, the IT industry and individual companies has reached its highest level in more than a year. That optimism has 43 percent of IT firms in the CompTIA survey planning to add new products and business lines over the next six months. And 42 percent intend to invest more in their technology, such as building out a cloud data center or upgrading a professional service automation platform.

That’s good news for CompTIA members’ customers, and distributor and vendor partners. For end-users, more products means more options and more access to new technologies. Distributors, meanwhile, may see a flurry of orders from these resellers, and equipment and software suppliers will benefit from infrastructure upgrades taking place within CompTIA members’ businesses. Still, IT execs aren’t acting rashly; they remain concerned about downward pressure on margins; weak customer demand; unexpected economic shocks; and government regulation, CompTIA found.

Despite those reservations, IT execs seem to be bullish on the role that technology provides for overall economic growth.

Businesses of all sizes continue to cite technology as increasingly important to their success,” Herbert said. Consequently, IT firms that can deliver on the promise of technology-driven solutions are finding plenty of opportunities.”

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