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Summary"ICT Investment Trends in the US" presents the findings from a survey of 500 US enterprises regarding their Information & Communications Technology (ICT) investment trends. The survey investigates how US enterprises currently allocate their ICT budgets across the core areas of enterprise ICT expenditure: hardware, software, IT services, communications, and consulting.The US economy is sluggish and has lost further momentum at the start Q2 2017, with a slowdown in hiring. Moreover, the promises of a pro-business environment has not converted intro stronger spending either by households or the private sector. However, US enterprises are looking to increase their investments in various ICT domains in order to improve security and digitally enhance their enterprises.The report illustrates the core technologies that enterprises are investing in, including IoT, cloud computing, security products, and business intelligence. The survey also highlights the approach to purchasing technology adopted by enterprises in the US. Through GlobalData's survey, the report aims to provide a better insight to ICT vendors and service providers when pitching their solutions to enterprises in the US.In particular, it provides an in-depth analysis of the following - - How ICT budgets are set to change in 2017 in terms of their overall size- Allocation across the core elements of IT spend, including hardware, software, services, communications, and consulting- Distribution of ICT money in areas such as the networks, applications, service desk, and data centers- Which ICT functions US enterprises are interested in outsourcing- US enterprises' investment priorities based on their budget allocations across core technology categories such as IoT, cloud computing, security products, and business intelligence- Factors that are influencing US enterprises' investments in each technology category- How US enterprises' IT budgets are currently allocated across various segments within a technology category- US enterprises' distribution of their ICT budget across various segments within a technology category- Vendor satisfaction ratings for various core and advanced technology categories- Insight into US enterprises' preferred buying approaches- Business objectives that US enterprises are looking to achieve through their IT investment strategies- Factors that are influencing US enterprises' decisions to select an ICT providerScope- Enterprises are looking to increase their total ICT budget in 2017, indicating enterprises' objectives to manage their security and privacy needs and enhance their digital capabilities.- US enterprises are currently embracing cloud solutions to achieve greater operational efficiencies and reduce their capital expenditure on in-house hardware and software platforms.- Top level management is taking primary decisions related to the purchase of network and security platforms, a key indicator of the emphasis enterprises are putting on securing endpoints.Reasons to buy- Understand how the US enterprises ICT landscape is set to change in 2017 to prioritize your target market- Comprehend how ICT money are being allocated by US enterprises in specific geographies and size bands to improve your market penetration- Make effective business decisions by recognizing the opportunities within each of the core areas of ICT spend (hardware, software, IT services, telecommunications, and consulting)- Realign your sales initiatives by understanding the current strategic objectives of US enterprises- Enhance your market segmentation with the included, detailed breakdown of opportunities within selected technology categories (IoT, cloud computing, security products, and business intelligence)- Prioritize your focus areas by understanding which factors are influencing US enterprises' decisions when selecting an ICT provider- Understand the changes in customers' priorities and identify the business objectives that US enterprises are looking to achieve through their ICT investment strategies
Table of ContentsExecutive summarySurvey demographicsICT budget changesICT budget allocation by core technology areaHardware budget breakdownSoftware budget breakdownThird-party IT services expenditureCommunications expenditureCloud computing budgetICT budget allocation by functionOutsourced IT functionsICT investment priorities and vendor satisfactionInternet of Things (IoT)Cloud computingSecurity productsBusiness intelligenceBusiness objectives influencing IT investment strategyICT provider selectionKey decision makers for purchasing technologyAppendix