IT Professionals Optimistic About Hiring, Revenues, and Infrastructure Investments
AUSTIN, TX--(Marketwired - Jan 22, 2014) - Spiceworks, the vertical network for IT, today announced the results of a new survey examining the 2014 spending priorities of IT professionals in North America as well as their view on growth within their organizations. On average, IT professionals surveyed plan to invest more than $300,000 on IT products and services this year, and 79 percent said their 2014 IT budgets would increase or remain the same over last year. Respondents are also optimistic about the prospects for growth within their companies. Fifty-seven percent of those surveyed expect their organizations' revenues to increase and 45 percent expect company headcount to rise.
"Improvements in the North American economy coupled with aging application and hardware infrastructures, such as Windows XP-based environments, are driving IT spending this year," said Kathryn Pribish, Voice of IT program manager at Spiceworks. "IT professionals are cautiously optimistic and are investing in the technologies that will drive their organizations forward and make employees more productive."
The report, "2014 State of IT Budget Report" found that IT professionals plan to spend 44 percent of their 2014 IT budget on hardware solutions, 31 percent on software products, and 14 and 11 percent on hosted/cloud-based and managed services respectively. Additional highlights from the survey include:
IT professionals prioritizing hardware investments in 2014
Software investments account for nearly one-third of annual IT budget
Cloud services budgets focused on existing services
Managed services get a fair share of 2014 IT budgets
Methodology
The survey was conducted in November 2013 and included 450 respondents from North America. Respondents are among the more than 4 million IT professionals in Spiceworks and represent a variety of company sizes including small-to-medium businesses as well as enterprises. Respondents come from a variety of industries including manufacturing, healthcare, non-profits, education, government, IT service providers and finance.
About Spiceworks Voice of IT®
The Spiceworks Voice of IT market insights program publishes statistics, trends and opinions collected from IT professionals worldwide. More than 640,000 IT professionals in over 100 countries have joined the program to share information and feedback on the technology issues important to them.
About Spiceworks
Spiceworks is the vertical network that more than 4 million IT professionals use to connect with one another and over 2,800 technology brands. The company simplifies how IT professionals discover, buy and manage more than $500 billion in technology products and services each year. Headquartered in Austin, Texas, Spiceworks is backed by Austin Ventures, Adams Street Partners, Institutional Venture Partners (IVP), Shasta Ventures and Tenaya Capital. For more information visit http://www.spiceworks.com.
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Contact Information:
Media Contacts:
Adam Schaeffer
Spiceworks
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