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Industry Stats
IT Confidence Up But IT Budget Outlook Cautious
Economic uncertainty has resulted in a mixed outlook among IT decision-makers according to the latest CDW IT Monitor. While confidence is on an uptick and spending is showing small gains, budget recovery has been slow.

While budget outlooks are cautious, CIOs still expect to make key IT investments in the second half of the year. The outlook for software spending has shifted to the greatest expectations on record for new software installations for a significant part of organizations. Two out of five IT decision-makers expect to do so, up six percentage points year over year and four points above the previous record set in the fourth quarter of 2010. In addition, three out of four IT decision-makers expect to purchase new hardware in the next six months. Spending on mobility is effectively equal to that of desktops, with IT decision-makers expecting to purchase 66 percent and 67 percent of mobile devices versus desktops respectively in June.

Global software market will grow by 8.2% in 2011 to hit $267 billion
The global business software market will burst into life this year, when it will grow by 8.2% to hit $267 billion, according to Ovum. In a new forecast, the technology analyst predicts that recovery from the global economic downturn will begin in earnest this year for the sector, which did not grow at all in 2010. The promising outlook means the business software sector will grow at a compound annual growth rate (CAGR) of 7.7% during the next four years, reaching revenues of $358 billion in 2015. The strong growth is driven by exploding volumes of data, increased enterprise mobility, the transition to cloud computing models, and the emerging markets.

The information management software sector will experience the biggest increase in revenues of all the business software areas. This area will grow at a CAGR of almost 10% from 2010 to 2015 as businesses grapple with spiraling volumes of data and try to extract business value from them.

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