Although organizations are continuing to drive down their total IT budgets in 2009 from 2008, in 2010 worldwide software budgets will increase, according to a survey by Gartner, Inc. The survey showed that organizations plan to increase their software budgets on average 1.53 percent in 2010.
Gartner surveyed approximately 1,000 IT professionals worldwide during April and May 2009. Respondents were asked whether they expected their 2010 IT budget to be below, be the same as or exceed the IT budget for 2009. Thirty percent of companies in Asia/Pacific, 28 percent in North America, and 25 percent in Europe, Middle East and Africa (EMEA) said they expected their 2010 IT budget to increase.
With regard to spending expectations for software by region, North America is still expected to decline 2.06 percent, and EMEA is only slightly positive at 0.45 percent for 2010 compared with 2009. Software budgets in Latin America will rise 2.54 percent, and in Asia/Pacific, software budgets will increase 4.34 percent, showing a very positive trend in increasing their software spending in 2010. Gartner analysts said this is a reflection of the relative maturity of the markets. Generally, the survey found software spending to be holding ground, and consequently, Gartner recommends that vendors work toward helping clients know where they can cut costs and better utilize resources to allow new budgeted dollars to go further.
Article sourced from www.gartner.com, click here to read full story.
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