August 25, 2009 -- According to recently released mid-year research from Computer Economics, 45% of IT organizations are expected to increase IT spending in 2009 vs. 2008. (<50% is typical in a recession.) And 30% are cutting IT spending. The remaining organizations expect IT spending to be about the same as last year.
Silver lining: The 45% increasing IT spending is well above the 36% in 2002 after the 2001 recession. That’s because the 2001 bust was led by the technology sector.
In terms of spending vs. budget: 49% of IT execs expect to spend less than what is allocated in their budget; 9% expect to spend more, and the remaining 42% expect to be inline with budget.
On a completely unrelated note . . .
VMworld kicks off next week at The Moscone Center in San Francisco, and there will be no signs of a slump in IT spending at this show. Although the focus is obviously on virtual servers, there will be a lot of emphasis on storage issues in the sessions, and the list of storage vendors exhibiting at the show is huge – maybe more than will be exhibiting at Storage Networking World in October.
We expect a lot of storage-related product and business announcements at VMworld, and we’ll start covering them on Monday. Check the Industry News and Analysis section on infostor.com for daily postings.