Despite economic concerns, global enterprise IT budget growth remains unchanged at 3.3 percent in 2008, according to a worldwide survey of 1,011 CIOs conducted in the first quarter of 2008 by Gartner, Inc.
While 62 percent of CIOs reported no change in their 2008 IT budgets, 23 percent indicated a decline in their budgets, and 15 percent of respondents reported an increase in their budgets. Of those respondents reporting a decline in budget, the decrease averaged at 10 percent in their committed 2008 budget. For those respondents that reported an increase in their budget, they said the increase was approximately 15 percent.
U.S. IT budget growth rates are softening. Overall U.S. IT budgets for 2008 are expected to grow, but the growth rate has slowed from 3.1 percent to an increase of 2.3 percent. One in four U.S. CIOs indicate that their IT budgets were reduced in the first quarter, 65 percent were unchanged and 10 percent reported budget increases in the first quarter.
CIOs reported budget changes that are in keeping with a general belt-tightening program rather than a restructuring of the IT budget or spending levels. Almost two-thirds, 72 percent of those reported a decline of 10 percent or less.
Geographically, IT budgets continue to exhibit growth with budget growth increasing in Europe (+3.86 percent) and Asia/Pacific (+5.98 percent). The strength of European and Asian CIOs in their economies is reflected anecdotally in their response to this study. On several occasions, CIOs in these geographies commented that they saw the current belt tightening as a U.S. only phenomenon indicating a level of independence from conditions in the U.S.
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