IT Industry Business Confidence Report, H1 2018
IT Industry Business Confidence Report, H1 2018
Summary
GlobalData’s "IT Industry Business Confidence Report, H1 2018", examines executives’ opinion about the business environment during H1 2018. It also highlights current economic conditions, supplier price variations, sales performance, industry and company growth prospects, spending models, and key priorities. Additionally, the report provides information categorized by region.
The existing economic climate is stable for the IT industry, and customer confidence levels will remain positive during H1 2018 (March 2018-August 2018). The majority of executives who operate in North America indicate a favorable opinion about economic growth prospects in the region over the next six months. Increasing investment in technology, improved competition among the leading IT companies, growing business needs, the rise in consumer income and expenditure, and expanding software and IT services market are the factors influencing the IT industry during H1 2018. Globally, 65% and 64% of executives are optimistic about the industry and company growth prospects respectively. Furthermore, the IT industry anticipates a rise of 4.5% in the price of technology consulting over the next six months. Additionally, the performance of North American economies and rising new competition are the crucial challenges for companies with business operations in North America.
What else does this report offer
- The current state of the global economy: examines predominating economic conditions globally and across multiple regions
- Company and industry growth outlook: provides industry executives’ expectations about the growth prospects of their company and the industry over the next six months
- Change in customer confidence: analyzes IT industry executives’ opinion about the shift in customer confidence during H1 2018
- Supplier prices projection: determines the expected variation in supplier prices across different categories and their impact on business confidence
- Change in staff headcount and sales performance: anticipates and tracks the shift in staff headcount and sales for H1 2018 among industry executives globally as well as regionally
- Significant investment activities: highlights different areas in which industry executives intend to spend and invest over the next six months
- Business concerns: provides information about potential business concerns indicated by survey respondents for H1 2018
- Key priorities: identifies the top priorities of industry executives operating in various regions.
Scope
- Overall, 49% of survey respondents state that the current economic environment is stable, whereas 39% of respondents indicate a favorable or very favorable economic environment
- Respondents with business operations in North America and Asia-Pacific record the highest positive outlook towards industry growth over the next six months
- In total, 59% of global IT industry executives anticipate a positive or very positive change in consumer confidence, whereas 35% of executives expect no change in customer confidence during H1 2018
- Capital expenditure on new product development and research and analysis is forecast to increase during the next six months
- The highest percentage of executives with operations in Europe and Asia-Pacific highlighted improving operational efficiency as the key priority during H1 2018.
Reasons to buy
- Assists companies to make effective business strategy decisions by knowing the prevailing market conditions and sentiment within the IT industry
- Support organizations in business expansion decisions by providing information concerning the projected variation in sales performance and supplier prices
- Helps to improve operational efficiency and to protect and grow market share by comprehending the essential priorities and major concerns of IT industry executives
- Serves to adjust investment allocation by outlining key focus areas highlighted by survey respondents during H1 2018.
Companies Mentioned in the Report
Microsoft Corporation
Oracle Corporation
Cisco System
Infosys (Technology Consulting Company)
Saudi Telecom Company (STC)
Zenedge Inc.
Introduction
Definitions and abbreviations
Methodology and sample size
Respondent profile
Economic state, growth prospects, and consumer confidence
Existing economic environment
Industry and company growth outlook
Expected change in consumer confidence
Supplier prices, staff headcount, and sales performance
Supplier prices expectations
Anticipated change in staff head count and sales projections
Anticipated change in spend on key activities
Business concerns and organizational priorities
Level of concerns and expected impact
Significance of potential business priorities
Appendix List of Figures
Figure 1: Current economic condition - Overall
Figure 2: Current economic condition - Region
Figure 3: Current economic condition - Those who operate and do not operate in a region
Figure 4: Industry and company growth prospects - Overall
Figure 5: Industry and company growth prospects - Overall - In detail
Figure 6: Industry and company growth prospects - Region
Figure 7: Anticipated variation in consumer confidence - Overall
Figure 8: Anticipated variation in consumer confidence - Region
Figure 9: Projected change in supplier prices - Software - Overall and regional
Figure 10: Projected change in supplier prices - Hardware - Overall and regional
Figure 11: Projected change in supplier prices - Power and Energy - Overall and regional
Figure 12: Projected change in supplier prices - Technology - Overall and regional
Figure 13: Staff headcount and sales outlook - Regional
Figure 14: Expenditure projection on key activities - Overall
Figure 15: Top five business concerns - Region
Figure 16: Business concerns - Overall and regional - A
Figure 17: Business concerns - Overall and regional - B
Figure 18: Business concerns - Overall and regional - C
Figure 19: Top five organizational priorities - Region
Figure 20: Organizational priorities - Overall and region
Research Methodology
The research study released with title "IT Industry Business Confidence Report, H1 2018" involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Key Executives Interviewed
Research Programs/Design
| Historical Data (2017-2022E) |
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| Market Factor Analysis |
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| Market Forecast (2023F-2028F) |
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Market Size Estimation
Top-down and bottom-up approaches are used to validate and estimate the global/regional market size by manufacturers, regional splits, product segments and application.
To establish Research coverage of the study with most relevant & functional players HTF MI follows industry standards such as NAICS/SIC/ICB/TRCB, furthermore the sorted list of companies is validated using Product Mapping and business activities and shortlisted by industry perspective.
HTF MI select experienced analyst and associate that are specialized in the domain for conducting research. They prepare a list of companies by region that helps to understand players penetration rate in the market. This companies are further analyses in what segment or application they serve in our market. The list of product and applications are evaluated for each companies dealing in the IT Industry Business Confidence Report review, Africa IT Industry Business Confidence Report review. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand company’s positioning regarding market value, volume and their market share for regional as well as global. Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Online) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc from IT Industry Business Confidence Report review, Africa IT Industry Business Confidence Report review who then work towards appointment generation.
Primary Data Collection
The primary research is performed by taking the interviews of executives of various companies dealing in the IT Industry Business Confidence Report review, Africa IT Industry Business Confidence Report review as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and relevant list of appointee or target primary respondents; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & In Mail, Community Forums, Open Survey, SurveyMonkey etc.
Secondary Sources
The secondary resources considered in the IT Industry Business Confidence Report review, Africa IT Industry Business Confidence Report review study includes company annual reports, press releases, published articles of organizations and associations, and the survey taken through different mediums such as online website and forums, survey monkey, LinkedIn, etc. In addition, the valuable strategic information obtained from industry association, paid database, and investor presentations are also good tool for information to make appropriate iterative validation are used to modify market models and cross-verify primary research and insights.
Market Breakdown and Data Triangulation
To make market engineering data complete; extensive primary research is conducted to gather information and validate the critical numbers derived to be used for calculations of market statistics; market size estimations; forecasting; breakdown; and data triangulation. Both top-down and bottom-up approaches were applied, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Furthermore qualitative and further quantitative analysis is also done for all the numbers arrived at in the market estimation process to list relevant information in the final deliverable report "IT Industry Business Confidence Report, H1 2018" .
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Key Information from Primary Sources
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| Format | Properties | |
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| 1-User Access | The report is sent in PDF format. The report will be emailed to you. | This is a single user access license, allowing one specific user to access the report. |
| Site User | The study would be provided in PDF format. The report will be emailed to you. | This is a site license, allowing 1-10 employees within your organisation to access the report. |
| Enterprise User | The format of deliverable would be PDF and Excel. | This is an enterprise or corporate license, allowing all employees within your organisation irrespective of geographic location to access the report. |
