CIO Magazine
CIO Poll On Spending Plans
CIO
magazine was kind enough to share some of the results from their
regular poll of CIO's which shows some growth possibilities among
the gloom, especially in the SMB market.
In its January 2003 results, CIO Magazine has announced that of 369
chief information officers who participated in the poll, 5.2% expect
to increase their IT spending in the next 12 months. This represents
a 13% sequential month increase from December 2002 and a 37%
increase from the 3.8% increase reported one year ago in January
2002.
 |
38%
of poll respondents claimed they plan to increase spending
(in
a least one of the eight product categories listed in the
poll)
|
|
19%
said they plan to decrease spending
|
|
42%
reported spending would remain "unchanged" from
December 2002.
|
Weak
corporate profits, mentioned by 42.6% of respondents remained the
chief drag on increases in IT spending. Security hardware and
software led all other product categories in planned spending
increases. Storage and computer hardware categories also exhibited
strength CIOs in the retail industry and federal government agencies
planned to spend significantly more than colleagues in other
industries. Spending remained very weak in state/local government.
Small/medium business (less 500 employees) reported 12-month forward
spending increases of 9.1%, more than double the 3.5% spending
increase planned by firms with 1,000 or more employees.
Of some concern is that 21% of large (1,000+) firms report they plan
no spending increases in 2003.
We'd expect that after the uncertainty over the Iraq situation
clears,
we may see further positive developments.
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