Report: Signs of IT Spending Growth Appear

VERNON HILLS, Ill. -- After more than a year of confidence decline, the first tentative signs of IT growth are appearing. According to the latest CDW IT Monitor, an increasing number of IT decision makers from small and medium-size business sectors anticipate investment in the next six months.

According to the latest survey, 29 percent of small business IT decision makers expect budget increases in the next six months, an increase of seven percentage points from February. Additionally, 18 percent of medium-size business IT decision makers anticipate hiring in the next six months, an increase of six percentage points since February.

Despite these emerging signs of spring, confidence among IT decision makers on the whole remains relatively low with an overall IT Monitor score of 69. However, for the first time in eight months, this reading remained flat with the previous IT Monitor, indicating that sentiment may have stabilized.

The challenging economic times everyone has experienced are by no means over,” said CDW Vice President Mark Gambill, the company’s executive responsible for market insights. “But for the first time in more than a year, we are seeing green shoots that indicate returning confidence in the IT industry. The fact that an increasing number of IT decision makers are anticipating any amount of future growth at this time is reason to believe the first signs of spring may have arrived in what has been a gloomy economic climate.”

CDW Corp.