IT spending still on course

IT spending looks set for modest growth, according to Aberdeen Group. It reports that enterprises are expected to increase their technology budgets by an average of 2.7% over the next six to 12 months.

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By  Neil Denslow Published  March 13, 2003

IT spending looks set for modest growth, according to Aberdeen Group's quarterly survey. The analyst house reports that enterprises are expected to increase their technology budgets by an average of 2.7% over the next six to 12 months.

"The survey results show that IT spending growth will continue to be slow and incremental over the next six to 12 months," says Hugh Bishop, Aberdeen senior vice president. "This data is in line with Aberdeen's forecast that worldwide IT spending will increase approximately 4% in 2003 and is closely tied to GDP in capital spending metrics."

The other key findings from Aberdeen’s quarterly review include the fact that the top five application categories with a positive intent to purchase are content/document management applications, query/reporting/analysis, project management, web management applications and web analytics.

In comparison to the last quarterly review, which was performed in September 2002, the average intent to purchase for all application categories combined increased, while the average priority to purchase decreased over the same timeframe. As such, Aberdeen concludes that more organisations are considering new application purchases, but they have yet to move into formal evaluation or purchasing processes. However, this may prove to be a potential early indicator of a recovery in the business application sector.

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