IT Industry Business Outlook and Procurement Report May-October 2016
Powered by
All the vital news, analysis, and commentary curated by our industry experts.
In the midst of uneven economic conditions, rising competition, and pricing pressure within the IT industry, companies are planning to increase focus on expansion in current market, improving operational efficiency, and new product development. Mergers and acquisitions are expected to increase within the IT industry with emerging markets such as India, China, and Brazil offering prominent growth opportunities. Additionally, global IT industry business executives from large companies expect a surge in capital expenditure on new product development and research and development over the next six months.
Scope
• The top three key expected priorities as identified by respondents include expansion in current markets, improving operational efficiency, and new product development.
• Developed markets such as the US, the UK, and Germany are identified as important regions for growth over the next six months by IT respondents.
• New product development, and research and development will record a significant increase in capital expenditure over the next six months.
• Executives expect procurement activities for IT services and technology and license purchases to increase during May-October 2016.
• Of all respondents, 71% indicate the acceptance of e-procurement within their organizations at various stages of procurement process.
Reasons to Buy
Highlights key business priorities thus helping IT companies to realign business strategy
Develop or adjust business expansion plans by using significant growth offering emerging and developed markets
Make changes in procurement budget allocations through procurement budget projections anticipated by executives for May-October 2016
Implement effective price management by viewing supplier price variations highlighted for next six months.
Table of Contents
Table
Figures
Frequently asked questions
Get in touch to find out about multi-purchase discounts
reportstore@globaldata.com
Tel +44 20 7947 2745
Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.