Forty-two percent of IT professionals reported their 2011 budgets would increase over 2010 expenditures, according to a recent study.
Only 10 percent expected their budgets to decrease from 2010 and 38 percent expected their budgets to remain the same as 2010.
Among those who anticipated that their 2011 budgets would increase over this year's expenditures, 28 percent believed the increase would be between 1 percent and 10 percent, while 34 percent believed the increase would be between 11 percent to 20 percent, 16 percent believed the increase would be between 21 percent and 30 percent, and 16 percent believe the increase would be more than 30 percent.
Although larger companies (100+ employees) were most likely to report expectations of increases, they were less likely than smaller companies to expect increases in expenditures to exceed 30 percent.
Comment from Cassie Murphey-Green, Vice President and Director of Technology Research: It appears IT professionals are cautiously optimistic. Even though for many the small expenditure increase could be primarily maintenance-related, it is still a positive sign for the economy that companies would be willing to spend a little bit more money. However, with two-thirds of IT professionals expecting their budgets to increase over 10 percent, future investing appears to be an objective.
About the survey: Decision Analyst's IT Professionals Survey was conducted online using its Technology Advisory Board (www.technologyadvisoryboard.com). The survey was conducted September 8 through September 22, 2010, and was fielded among a subset of 3,061 panelists. The margin of error was approximately 2.2 percent, plus or minus, at a 99 percent confidence level. Decision Analyst asked if they anticipated their 2011 IT expenditures would "increase compared to 2010," "remain the same as 2010" or "decrease compared to 2010."
Contact: http://www.decisionanalyst.com
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