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CIOs Reveal Hiring Projections For Third Quarter: Survey Finds High Confidence in Business Prospects and Planned IT Investments
Technology executives forecast continued information technology (IT) hiring activity in the third quarter of 2011, according to the just-released Robert Half Technology IT Hiring Index and Skills Report. In the latest quarterly survey, 7 percent of chief information officers (CIOs) said they plan to expand their IT departments, and 3 percent expect cutbacks, for a net 4 percent projected increase in hiring. Key findings include:

  • The net 4 percent increase in anticipated IT hiring activity is down from a net 7 percent projected last quarter. However, executives' confidence in business growth and IT investments is rising.
  • Eighty-seven percent of CIOs are confident in their companies' growth prospects in the next three months, a seven-point increase from last quarter.
  • Technical support and networking professionals are in greatest demand right now, according to survey respondents.
  • Forty-eight percent of CIOs said it's challenging to find skilled professionals today, up five points from the previous quarter.
  • Worldwide Enterprise Software Revenue to Grow 9.5 Percent in 2011
    Worldwide enterprise software revenue is on pace to surpass $267 billion in 2011, a 9.5 percent increase from 2010 revenue of $244 billion, according to Gartner, Inc. The enterprise software market is projected for continued growth in 2012, with revenue forecast to reach $288 billion. Enterprise infrastructure software spending is on pace to a $153.3 billion total in 2011, a 9 percent increase from 2010 revenue of $140.6 billion. The market is led by the operating systems (OS) segment in which revenue is projected to reach $32.6 billion in 2011, followed by database management systems (DBMSs) revenue at $25.5 billion.

    Worldwide enterprise application software spending is forecast to total $114.4 billion in 2011, a 10.2 percent increase from 2010 spending of $103.8 billion. Enterprise resource planning (ERP) is the largest segment within the enterprise application software market. ERP revenue is expected to reach $23.3 billion, followed by office suites with $15.7 billion.

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