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The 2019 State of IT

The 2019 State of IT

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SUMMARY

This report forecasts companies will increase IT spending in the coming years.

Business revenue is growing and IT budgets are expected to grow or, at least, remain level. At 89%, most companies predict their IT budget to grow or maintain their current rate. What is driving increasing IT budgets? IT system updates are the strongest driver of IT spending. Most companies (64%) require updates to outdated IT infrastructure.

Small businesses and large enterprises have different objectives when it comes to IT investing. How does company size impact 2019 IT budgets? Start-ups or small businesses are heavily investing in hardware. On the other hand, big businesses are expanding their cloud budgets.

How are changing IT budgets affecting careers in IT? IT pros desire more money, while employers are on the lookout for employees with specialized skills, such as security, AI, or IoT.

 What emerging technology are companies adopting? Emerging technology includes artificial intelligence (AI), blockchain, and cloud computing. How does company size affect technology adoption? Large enterprises are adopting emerging technology up to 10 times higher than start-ups. What technology are large enterprises using? Twenty-five percent of big businesses use blockchain, which is forecasted to grow to 50% by 2020. Which industries are early adopters? Financial institutions and governments are the early adopters of developing the technology.

What is the state of IT marketing? Regardless of company size, businesses invest 13% of their gross annual revenue to marketing goals. What forces are driving marketing initiatives? Enterprises are prioritizing the acquisition of new customers to maintain positive growth trends. To accomplish this goal, companies are adopting account-based marketing, video marketing, and on-demand content.

Regardless of the challenges, the IT industry is growing and businesses are excited to continue to invest in IT.

OUTLINE

Budgets

Upcoming technology

IT Careers

IT Marketing

DETAILS

Overview

Researchfinder Rating
5 out of 5 stars
Title
The 2019 State of IT
Region
Global
Published
July 5, 2019
Publisher
Spiceworks
Price
FREE
Language
ENGLISH

Content

Number of Pages
20
Number of Tables
0
Number of Exhibits
173
Topics
hardware, software
Tags
AI, artificial intelligence, blockchain, cloud computing, iot, iot adoption, IT budgets, IT trends, Spiceworks
Methodology
Spikeworks surveyed various business and professional across North America and Europe. For a clear picture of IT budgets, Spikeworks surveyed more than 700 business technology buyers in North America and Europe. To gain a perspective of IT careers, Spikeworks surveyed 1,000 tech professionals in businesses across North America and Europe. To understand the IT marketing, Spikeworks surveyed more than 350 Business-to-business (B2B) marketers in tech companies across North America and Europe.
EVALUATION

This report contains clear data, graphs, and exhibits.

The report is a pleasure to read. Interesting information is well-packaged, well-written, and well-organized. Readers do not have to comb through the document for useful insights. This report is useful for business managers, IT pros, and industry leaders.

Positives

  • Well organized
  • Multiple datasets
  • Easy to read

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