IDC European Vertical Markets Survey Unveils How Different Sectors Are Drawing Up Their IT Budgets in 2013
20 Dec 2012
MILAN, December 20, 2012 — Based on the results of the recently completed IDC European Vertical Markets survey of 1,603 Western European companies with more than 20 employees, a new IDC study shows that in 2012 there were more companies that increased their external IT budget than decreased it. For the vast majority of companies, however, the IT budget was increased only slightly (less than 5% compared with the previous year's levels), highlighting the level of caution among respondents.
As economic conditions remain tough, with volatility and uncertainty still high, what do companies expect for the year ahead in terms of external IT budgets?
Survey results indicate that as we enter 2013 Western Europe continues to take a cautious approach to investments — on average external IT budgets will not be increased considerably compared with the previous year, although we should not witness the strong cuts seen in the region during the past crisis.
"In 2013 external IT budgets will increase more markedly in specific industry sectors, such as telecom/media and utilities/oil and gas, and to a much lesser extent in financial services, where nonetheless cost cutting remains in comparison a stronger priority," said Nina Bonagura, senior research analyst, IDC European Industry Solutions. "Other sectors are still heavily engaged in containing IT costs, such as the public sector and specific segments of professional services/transport. However, considering that the business outlook for Western European companies remains largely uncertain, it is crucial to assess country specificities, as there is an ever stronger polarization of IT budgets from a country perspective. In countries where business confidence is extremely fragile — Italy and Spain in particular — companies that already started making cuts in 2012 are more likely to continue to be more cautious than their Western European counterparts in the year ahead."
The study, Western European Vertical Markets IT Budget Dynamics Into 2013 (IDC #M12U, December 2012), analyzes the evolution across different vertical markets for external IT budgets in 2013 and provides detailed tables on the percentage of companies that plan to increase/decrease the IT budget by more than 10%, between 5% and 10%, or by less than 5%, as well as the percentage that plan to keep budgets stable.
IDC's European Vertical Markets team will share survey results in a series of reports and through ad hoc analysis and data extractions. To find out more about the survey, including topics covered and scheduled publications, please see the free methodology document A Look Into 2013 Vertical Markets and SMBs: IDC European Vertical Markets Survey 2012, Methodology (IDC #M11U, October 2012).
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