year, SpiceWorks conducts its State of IT Budget Report to identify whether
spending for hardware, software, Managed IT, and other support services is up
or down, and in which areas companies will or won’t be investing. The latest
results come from a survey of 700+ American and European IT professionals from
small, mid-sized and large organizations.
The data holds some interesting insights for leaders who may be weighing
their own choices, and wondering what peers are planning. Though budget
allocations naturally vary by company size, researchers found that:
1) Most IT budgets will grow or remain steady. Nearly 60%
believe that corporate revenues will grow, with 89% expecting IT budgets to
grow or stay the same. Those predicting an increase expect it to be 20%, on
average. So what will those with burgeoning budgets be spending on?
2) Upgrades. Sixty-four percent will replace
or improve outdated infrastructure. Most
(89%) enterprises with 5,000+ employees plan to boost their IT budgets to
counter increased security threats.
3) SMBs will outspend
hardware. Organizations plan to allocate 35% of their IT budgets to hardware,
26% of software, and 21% on cloud services. Companies with <100 employees
say they’ll allocate a whopping 42% on hardware. On average, Managed IT
Services will comprise 14% of budgets, up a percentage point from the year
before, while the largest firms say that managed services will get 22% of their
guidance on aligning business goals with your IT budget? Call TeamLogic IT today.