Is The IT Recession Over? - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

04:06 PM

Is The IT Recession Over?

Recently, IT spending increases have been rare as black pearls in oysters. Well, that may soon be changing, according to a user survey conducted by Spiceworks.

Recently, IT spending increases have been rare as black pearls in oysters. Well, that may soon be changing, according to a user survey conducted by Spiceworks.The IT management supplier found that companies plan to increase their spending by four percent in the second half of this year. The results come from 3,011 respondents in 117 countries. Virtualization seems to be driving the additional expenditures. Sixty eight percent of companies plan to utilize some form of virtualization by the end of 2010, and that is a dramatic increase from the 44 percent with such plans at the beginning of 2010.

But the bump is having a minimal impact on IT jobs. Sixty five percent of small and medium businesses plan to keep their IT staff the same size between now and year-end while only 20 percent plan to add full-time IT staff.

One surprise is that spending on hosted IT services is down for the second half of 2010. Forty eight percent of IT professionals plan to purchase new, upgrade or renew at least one IT service, which is down from the 56 percent reported for first half of 2010. Hosted email purchases bucked that trend: 38 percent of respondents plan to use these services compared to 23 percent reported in the first half of the year.

Because of the recent downturn, IT budgets have been in the doldrums. The four percent increase comes with caveats but may indicate that small and medium businesses are now ready to invest more heavily in their IT systems.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
The State of IT & Cybersecurity Operations 2020
The State of IT & Cybersecurity Operations 2020
Download this report from InformationWeek, in partnership with Dark Reading, to learn more about how today's IT operations teams work with cybersecurity operations, what technologies they are using, and how they communicate and share responsibility--or create risk by failing to do so. Get it now!
10 Cyberattacks on the Rise During the Pandemic
Cynthia Harvey, Freelance Journalist, InformationWeek,  6/24/2020
IT Trade Shows Go Virtual: Your 2020 List of Events
Jessica Davis, Senior Editor, Enterprise Apps,  5/29/2020
Study: Cloud Migration Gaining Momentum
John Edwards, Technology Journalist & Author,  6/22/2020
Register for InformationWeek Newsletters
Current Issue
Key to Cloud Success: The Right Management
This IT Trend highlights some of the steps IT teams can take to keep their cloud environments running in a safe, efficient manner.
White Papers
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll