Software spending to grow in 2010
Are you planning to invest in new software for your business this year? Your competitors probably are!
After a slowdown in the financial turmoil of 2009, spending on software and other technology is expected to rebound strongly in 2010 according to a recent report by Forrester Research. Global IT spending dropped 8.9% last year, but is predicted to bounce up in 2010 by about the same amount. Software is among the sectors leading the charge, with spending predicted to increase by 9.7%.
We wrote last year that the upside of a downturn is that it can prompt companies to re-examine processes and improve operations. The statistics show that many companies do the opposite and bunker down. Now many firms are again starting to open up their wallets and invest in software, hardware and other technology.
So, if you haven’t already, now is a good time to think about how new software can help drive your business in 2010…
22. February 2010 at 11:49 am :
It is good to hear that it looks like software spending will be going up. Another trend that we anticipate seeing in software is an increase of people buying single software applications instead of entire suites. Especially in difficult economic times you need to make sure that you are spending every dollar wisely and in software that means you don’t want to buying applications or features that aren’t needed. Finding the right fit for the job and finding a solution that can scale with a business as it grows can be a better use of resources.
Jennifer
NCH Software Blog