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Buyer Expectations for IT Spending Growth Hit Double Digits

  • March 13 2006, 1:00am EST

Even though the economic picture is not any better this month than last, IDC's FutureScan for March found that IT buyers and executives have raised their expectations for IT spending over the next twelve months by more than 3 percent for the second month in a row.

The actual Buyer Intent indicator was 1117, up from last month's 1078 and 1047 the month before that.

This month there is a special gap between CIO and line of business executives, with the latter expecting growth 6 percent higher than the former. Any single measure of expected IT spending is insufficient for making a real forecast. IDC bases its forecast on thousands of inputs beyond customer sentiment, from IT supplier capacity and technology breakthroughs to channel and pricing dynamics, demographics, regulatory change, and myriad other forces on the market.

FutureScan is a set of market metrics that measure supply and demand in the IT industry based on leading indicators and customer surveys. Values reflect expectations of future growth, with an index value of 1000 indicating zero growth and each additional 10 points representing roughly 1 percent of expected growth or contraction.

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