IT Industry Business Outlook and Procurement Market to increase by 17.3% over the next six months: Research Report Nov 2016-Apr 2017

ResearchMoz added Latest Research Report titled " IT Industry Business Outlook and Procurement Report November 2016-April 2017 " to it's Large Report database.

Mergers and acquisitions are expected to increase within the IT industry over the next six months (November 2016-April 2017) as a result of rising competition, increased demand for IoT, and addition of new product lines. Even though market uncertainty, rising competition, and retention and recruitment of skilled staff have been highlighted as major business concerns for the global IT industry over the next six months, respondents are willing to increase their focus towards expansion in current markets and development of new products. Furthermore, developing economies such as China, India, and Brazil are projected to offer significant growth opportunities for the global IT industry due to increased investments towards Internet of Things (IoT) and big data analytics. On average, the global IT industries procurement expenditure is projected to increase by 17.3% over the next six months.

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Key Findings
  • The top three key expected priorities as identified by respondents include expansion in current markets, improving operational efficiency, and new product development.
  • Developed markets such as the US, the UK, and Germany are identified as important regions for growth over the next six months by IT respondents.
  • New product development, and research and development will record a significant increase in capital expenditure over the next six months.
  • Executives expect procurement activities for technology and license purchases to increase during November 2016–April 2017.
  • Of all respondents, 52% indicate the acceptance of e-procurement within their organizations at various stages of procurement process.
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Table of Contents

Introduction
Definitions
Methodology and sample size
Respondent profile

Global Business Outlook
Strategic business priorities
Emerging markets with significant growth potential
Growth potential for developed markets
Mergers and acquisition
Leading business concerns
Capital expenditure projections

Procurement Behaviors and Strategies
Potential changes in procurement resources and objectives
Procurement activity outlook in key areas
Global procurement budget projections
Planned change in procurement expenditure
Supplier prices outlook
Organizations’ viewpoints on e-procurement

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IT Industry Business Outlook and Procurement Market to increase by 17.3% over the next six months: Research Report Nov 2016-Apr 2017 IT Industry Business Outlook and Procurement Market to increase by 17.3% over the next six months: Research Report Nov 2016-Apr 2017 Reviewed by Sagar Jagtap on 02:07 Rating: 5

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