IT Business Confidence Tracker Report
Q4 2013
“IT
Business Confidence Tracker Report Q4 2013” is a new report by Kable that
globally analyzes industry opinions on the latest economic and customer issues,
and their impact upon investment decisions and growth prospects within the IT
industry. This report also examines the current and future state of economy and
its retrospective effect on the industry. Furthermore, it analyzes the change
in ICT product and services prices, industry growth prospects, customer
confidence levels, and market trends currently affecting industry dynamics. The
report identifies the pressing business concerns and key business priorities highlighted
by industry executives which will affect the company's performance over the
next six months.
To check out the complete table of
contents, visit:
http://www.marketresearchreports.biz/analysis-details/it-business-confidence-tracker-report-q4-2013
Introduction
and Landscape
Why
was the report written?
This
report is the result of an extensive survey drawn from Kable's exclusive panel
of industry executives. The report analyzes current economic conditions
prevailing across the globe and their impact on the IT industry, and forecasts
the industry's growth prospects over the next six months. The report provides
information about projected changes in the price of ICT products and services
from existing levels, and identifies changes in customer confidence levels and
investment activity towards specific sectors within the industry.
What
is the current market landscape and what is changing?
Overall,
69% and 68% of respondents expressed a positive outlook for both company and
industry growth prospects over the next six months, respectively.
What
are the key drivers behind recent market changes?
Increase
in market share' and the ability to 'retain customers' are the most preferred
priorities by executives operating across all the regions.
What
makes this report unique and essential to read?
IT
Business Confidence Report Q4 2013” is a new report by Kable that analyzes the
industry sentiments globally on the latest economic and customer issues and
their impact upon investment decisions and growth prospects within the IT
industry. This report also examines the executive opinion about current and
future state of economy and its retrospective effect on the industry.
Furthermore, it analyzes the change in ICT product and services prices, sales
performance, and staff headcount within the industry over the next six months.
In addition, it provides an overview of the key priorities, threats, and opportunities
for the global IT industry over the next six months.
Key
Features and Benefits
- To identify the
current and future operating conditions of the global economy.
- Analyzes the
global economic situation over the next six months as identified by respondents.
- Uncovers the key
issues and challenges that prevent respondents from doing business.
- Forecasts the
change in prices of ICT products and services over the next six months
compared to the current scenario.
- Identifies the
major changes in customer confidence levels in the IT industry over the
next six months.
Key
Market Issues
- Overall, 50% of
respondents state that they are operating in a 'stable' economic
environment, while 29% state that the current economic conditions are
'unfavorable'.
- In total, 67% of
industry executives have anticipated that the global economic outlook over
the next six months will 'slightly improve' in Asia-Pacific.
- Industry
confidence is comparatively low - particularly in Europe as the economy is
improving at a slow pace due to growing uncertainty and social unrest,
resulting in decrease of IT budget from companies.
- Across the
globe, an upsurge in new competition is the biggest concern for industry
executives, while cybercrime has become a major concern for IT companies
operating in North America.
- Improving
operational efficiency' and 'growing market share' are key priorities over
the next six months for respondents who are operating in Asia-Pacific.
Key
Highlights
- Overall, 40% of
industry executives forecast at least a 2% increase in software prices
over the next six months.
- Executives
expect staff head count to rise marginally over the next six months in
North America, Europe, and Asia-Pacific.
- Industry
executives from Asia-Pacific highlight the global economic situation and
the new government legislation in their area of operation as key concerns
that impact their company's performance.
- New product
development and social media strategy will be the two areas where industry
executives expect to increase expenditure the most over the next six
months with the intention of building customer relationships.
- In total, 94% of
respondents operating in Asia-Pacific forecast an improvement in their
operational efficiency in 2013-2014.
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