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November 18, 2009

IT buyer industry expects recovery, says ICD Research

Confident that worst of recession is over

By CBR Staff Writer

Half of IT buyer industry players are generally optimistic of seeing a global economy recovery between the third quarter of 2009 and the second quarter of 2010, according to Industry Outlook Survey by ICD Research.

The research sample is based on the opinions of 267 senior IT buyer industry professionals in an extensive online survey conducted during April and May 2009. Respondents include C-levels, Directors, Managers and technical and professional staff.

The survey showed that almost all companies (Information and services IT buyers, business and industry IT buyers) that comprise the IT buyer industry are pessimistic about revenue growth in the next 12 months. More than 70% of respondents from these sub sectors either expect a decrease or stability in revenues.

IT buyers have resorted to maintenance of existing IT infrastructure rather than adding anything new, and it is expected to continue till Q2 2010. Apart from investing for sold projects, infrastructure capacity enhancement or upgrades is on the back burner for the moment, ICD reported.

According to the survey, majority of IT buyers will be decreasing their purchasing on various products and services in the next 12 months. More than 58% of information and services IT buyers and 70% of business and industry IT buyers are looking to decrease total procurement spend while more than 15% from these subsectors intend to keep purchasing levels neutral.

There will be a conspicuous decrease in spending on desktops, telecom, servers, IT services, content management and networking, said ICD Research.

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