Enterprise software spending in 2009 could drop to the lowest level since 2001, JMP Securities software analyst Patrick Walravens asserted in a research note this morning. Walravens reached that conclusion from a JMP survey of 35 enterprise technology buyers on their IT spending plans for 2009.
Walravens says 74% of those surveyed expect their software spending next year to be flat or down. The results are a bit better for on demand software providers, with half the respondents expecting to increase spending there. Walravens also notes that only 40% of the survey group expect to spend their entire 2008 software budget.
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