Information Technology budgets in the year of 2017 are expected to sustain relatively flat across the state of North America, Europe, the Middle East and Africa, in accordance to a latest report from Spiceworks, an expert network for the industry.
The network’s 2017 State of information technology budgets study is deployed on a survey of 886 IT experts in those regions conducted in the month of July. The survey information was supplemented with Spiceworks network data gathered in the month of September, deployed on anonymized, aggregated deployment information from information technology professionals worldwide.
About two thirds (64%) of the respondents anticipate information technology headcount will remain flat in the year of 2017, despite an expectation that industry revenues will increase. Almost 30% of IT experts say international political and economic uncertainty directly impacts their agency’s willingness to buy IT products and services.
Moderately less than half (47%) agree that economic and political uncertainty causes their agency to reconsider in which countries they store corporate information, and 37% say it causes their agency to reconsider from which countries they buy technology products and services. “A confluence of international events, like political instability, slow economic growth and unexpected affairs, such as UK’s pending exit from the EU, have left IT experts with more queries than answers as they relate to both short-term and long-term impacts on their agency,” stated Sanjay Castelino, vice president of marketing at Spiceworks.
“We hope information technology budgets departments to take a more cautious, conservative access to IT contributions in the year of 2017 as they handle new regulations, fluctuating exchange rates, and other seen and unforeseen issues,” Castelino claimed.
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