SOURCE: Decision Analyst

Decision Analyst

November 10, 2010 15:45 ET

Approximately 4 in 10 IT Professionals Report Their 2011 IT Budgets Will Increase Over 2010 Expenditures

Decision Analyst IS/IT Professionals Survey Shows

ARLINGTON, TX--(Marketwire - November 10, 2010) - Forty-two percent of IT professionals reported their 2011 budgets would increase over 2010 expenditures, according to a recent study conducted by Decision Analyst, a leading marketing research and analytical consulting firm. 

In a recent poll of IT professionals from its Technology Advisory Board®, Decision Analyst asked if they anticipated their 2011 IT expenditures would "increase compared to 2010," "remain the same as 2010" or "decrease compared to 2010." Only 10% expected their budgets to decrease from 2010 and 38% expected their budgets to remain the same as 2010. 

"It appears IT professionals are cautiously optimistic. Even though for many the small expenditure increase could be primarily maintenance-related, it is still a positive sign for the economy that companies would be willing to spend a little bit more money," according to Cassie Murphey-Green, Vice President and Director of Technology Research. "However, with two-thirds of IT professionals expecting their budgets to increase over 10%, future investing appears to be an objective."

Among those who anticipated that their 2011 budgets would increase over this year's expenditures, 28% believed the increase would be between 1% and 10%, while 34% believed the increase would be between 11% to 20%, 16% believed the increase would be between 21% and 30%, and 16% believe the increase would be more than 30%.

Although larger companies (100+ employees) were most likely to report expectations of increases, they were less likely than smaller companies to expect increases in expenditures to exceed 30%. 

Methodology

Decision Analyst's IT Professionals Survey was conducted online using its Technology Advisory Board® (www.technologyadvisoryboard.com). The survey was conducted September 8 through September 22, 2010, and was fielded among a subset of 3,061 panelists. The margin of error was approximately 2.2%, plus or minus, at a 99% confidence level. 

About Decision Analyst

Decision Analyst (www.decisionanalyst.com), based in Dallas-Fort Worth, is a leading global marketing research and analytical consulting firm specializing in market segmentation, strategy research, new product development, and advanced modeling for marketing decision optimization. The 32-year-old firm delivers competitive advantage to clients throughout the world in the technology, consumer durables, and retail industries.

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