IT Spend across industry groups – Data Point
Source: Information Week
Date: Oct 16th, 2009
September issue of Information Week (http://www.informationweek.com/500 ) , had a breakup of % spend on IT and details on which industry segmentsare expecting the spend to go higher for 2009. As always financial services continues to spend a higher percentage of their revenues ( when they have the revenues !) and Healthcare and Insurance industry looks like willing to spend more on IT dollars.
For the financial services firms offshoring continues to be a higher percentage of effort in IT. Not necessarily a growth but an overall higher percentage continue to offshore ( 76% compared to 57% across all industry segments).
Recent quarterly results by IT offshore vendors also seem to point to a similar trend.
|
# |
Industry Segment |
% of annual spent on IT, on average |
% of IT budget devoted to new projects |
% of companies expecting 2009 IT spending to exceed 2008 |
|
1 |
Banking & Financial Services |
7.6% |
38% |
35% |
|
2 |
Consumer Goods |
1.5% |
35% |
35% |
|
3 |
Healthcare & Medical |
2.9% |
30% |
69% |
|
4 |
Information Technology |
3.1% |
35% |
44% |
|
5 |
Insurance |
3.4% |
35% |
55% |
|
6 |
Logistics & Transportation |
1.7% |
36% |
34% |
|
7 |
Manufacturing |
1.8% |
31% |
33% |
