IoT
News
News
12/30/2002
01:08 PM
50%
50%
RELATED EVENTS
Risk Data as a Strategy
Apr 06, 2016
There is a renewed focus on risk data aggregation and reporting (RDAR) solutions, as financial ins ...Read More>>

Another Wan Year For IT Spending In U.S.

Tech buyers here are scaling back spending expectations, while Europeans are more optimistic.

European IT execs are showing more optimism than those in the United States, according to the Technology Confidence Barometer compiled by research firm RoperNOP. European companies are predicting a 6.8% increase in IT spending next year versus a 5.9% increase expected here.

There's more evidence of pessimism domestically when the numbers are compared with those collected just six months ago. U.S. IT buyers then expected a 7.7% increase in 2003 IT spending, while Europeans foresaw only a 6% bump.

Our overseas mates are spending their dollars in different places, too, according to RoperNOP, which, like InformationWeek, is owned by United Business Media. Security products are expected to see the greatest spending increase, both here and in Europe: 8.6% more in the United States and 8.4% more in Europe. Yet Europe will increase spending by larger amounts in areas such as virtual private networks. VPNs will see an 8.3% increase there, compared with 6.7% here. High-speed data transmission is picked to grow 7.7% across the Atlantic and 6.5% at home.

U.S. execs do expect to outspend their European counterparts in storage, however: a 6.6% jump here versus 4.5% in Europe.

Slower growing areas for both regions include:

• Outsourcing (1.4% in the United States; 0.9% in Europe)

• Middleware, (2.6% in the United States: 1.9% in Europe)

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Register for InformationWeek Newsletters
White Papers
Current Issue
4 Trends Shaping Digital Transformation in Insurance
Insurers no longer have a choice about digital adoption if they want to remain relevant. A comprehensive enterprise-wide digital strategy is fundamental to doing business today.
Video
Slideshows
Twitter Feed
InformationWeek Radio
Archived InformationWeek Radio
Join us for a roundup of the top stories on InformationWeek.com for the week of April 24, 2016. We'll be talking with the InformationWeek.com editors and correspondents who brought you the top stories of the week!
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.