ITtoolbox Spending Survey Shows IT Spending On The Rise

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The results of the second annual ITtoolbox IT Spending Survey demonstrate that IT budgets have increased over 2003. The survey, which was sponsored by Hewlett-Packard, was conducted by ITtoolbox, the leading provider of information for professionals in the IT workplace. The purpose of the survey was to provide insight into current and future purchasing trends of corporate IT departments worldwide.

The results of the second annual ITtoolbox IT Spending Survey demonstrate that IT budgets have increased over 2003. The survey, which was sponsored by Hewlett-Packard, was conducted by ITtoolbox, the leading provider of information for professionals in the IT workplace. The purpose of the survey was to provide insight into current and future purchasing trends of corporate IT departments worldwide.

IT decision-makers were recruited directly from the global ITtoolbox network to participate in this online survey. Each participant was asked a series of questions regarding technology purchasing trends, annual budget allocations, and strategies behind IT purchasing decisions. The survey also measured the level at which Linux-based applications are gaining acceptance within companies.

The survey's results demonstrate that IT purchasing budgets are largely on the rise, with 53% of participants citing budget increases in 2004 over 2003 levels. In comparison, only 45% of participants in last year's survey cited budget increases from 2002. While Business Intelligence software was the most popular technology implementation in 2003, wireless applications ranked top in 2004. Some other key findings include:

Competitive advantage was cited as the top strategic reason among companies for making IT purchasing decisions.

Replacement of desktop PC's was the top area of technology targeted for budget allocation decreases within the next year.

34% of participants indicated that Linux-based applications are gaining acceptance within their companies.

"Results for the 2004 ITtoolbox IT Spending Survey agree with other recent industry data that indicate IT budgets are finally waking up from a multi-year hibernation," says George Krautzel, President of ITtoolbox.

You are invited to review the results of the 2004 ITtoolbox IT Spending Survey at:

http://EmergingTech.ITtoolbox.com/research/HP1LG.asp?survey=HP1_survey

About ITtoolbox

Headquartered in Scottsdale, Arizona, with offices in Pennsylvania and Texas, ITtoolbox is a diversified IT media, services, and research company employing an exciting and aggressive business model to support traditional business needs. ITtoolbox maintains a leading online knowledge network for the IT industry, serving millions of IT and business professionals globally. ITtoolbox has been profitable since 1999 and has a client list that includes the world’s largest and most successful technology vendors. For more information, visit http://www.ITtoolbox.com .

Contact:

Heather M. Phelps

610-695-0560 x32        

HPhelps@ITtoolbox.com

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Heather Phelps
ITTOOLBOX
(610) 695-0560
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