IT Industry Executives Are More Optimistic About Economic Prospects in North America, Says GlobalData in Report Available at MarketPublishers.com03 May 2017 • by Natalie Aster
LONDON – The current economic environment is deemed to be stable for the IT industry over H1 2017. This was stated by 49% of the survey respondents, whilst 33% of the surveyed pinpoint that the economic situation is very favourable or favourable.
The executives operating in North America hold more favourable opinions about the economic outlook in the region for the review period, owing to a range of contributing factors like considerable growth in household expenditure, rise in GDP rate, rising government infrastructure investment outlays, surging consumer confidence, and a decline in the rate of unemployment, amid others. Executives project an increase in spending on new product development in the analysis period.
Furthermore, client retention, boosting operational efficiency, as well as protecting and expanding market share are the key priorities for the executive surveyed during the first 6 months of 2017.
On average, IT industry executives foresee a 3.3% increase in supplier prices for software products in H1 2017.
New market research report “IT Industry Business Confidence Report: H1 2017” developed by GlobalData provides an examination of executives’ opinion about the business landscape during H1 2017. It reviews the current state of the global economy; provides insights into the expectations about the company and industry growth prospects over the next six months. It casts light on the change in customer confidence during H1 2017. The report detects anticipated changes in supplier prices across different categories and their influence on business confidence; reviews the changes in staff headcount and sales performance; casts light on the significant investment activities of industry executives during the analysis period; identifies the major business concerns. The report also indicates the major priorities of industry executives active across different regions.
More new comprehensive reports by GlobalData can be found at its page.