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Large-Sized Enterprises Expect Single-Digit Increase in IT Spending

    Online News published in DMReview.com
January 12, 2006

Following a period of cost cutting and reactive spending, organizations with more than $1 billion in revenue will be cautious when making their IT spending decisions in 2006, according to Gartner Consulting's Worldwide IT Benchmark Service.

In 2006, the most significant difference in spending will be in the consumer products industry, with IT spending increasing 7.9 percent in 2006, up from flat growth in 2005. Although IT spending in the electronics and insurance industries is expected to be 7.8 percent and 6.5 percent, respectively, this actually represents a decline from 2005, when IT spending in those industries increased 8.3 percent and 7.7 percent respectively. The professional services industry will see the biggest decline in IT spending in 2006, as spending is expected to decline 1.7 percent, down from 10.1 percent in 2005.

Gartner's Worldwide IT Benchmark Service and The Worldwide IT Benchmark report includes five volumes of comprehensive IT spending and performance data across 20 industries. This report highlights comprehensive IT spending plans of more than 1,500 companies with more than $1 billion in revenue, combined with historical spending and performance data on more than 10,000 companies worldwide. This allows companies to look at key cost and performance indicators by IT domain to gauge and manage organizational effectiveness and performance optimization.

 

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For more information on related topics visit the following related portals...
Benchmarking/Best Practices.

This piece has been brought to you by the DM Review Editorial staff.

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