Information Technology Industry Business Outlook and Procurement Survey June 2018 - November 2018
Summary
The "Information Technology Industry Business Outlook and Procurement Survey June 2018 - November 2018", examine executives’ opinion on the business outlook and procurement activities over June 2018-November 2018. Organizations can know about key business priorities, supplier price variations, changes in capital expenditure, and organizations’ digital transformation strategies. Additionally, it provides information categorized by region and company type.
Amid the several challenges, such as rising competition, market uncertainty, and responding to pricing pressure, IT companies are looking forward to expanding in the current market, developing new products, and improving operational efficiency over the next six months. Moreover, companies are expected to gain significant growth opportunities from emerging markets (such as India, China, and Brazil) and developed markets (such as the US, Germany, and the UK) during June-November 2018. Mergers and acquisitions are expected to increase within the IT industry over the next six months.
The majority of the IT industry executives surveyed expect that their companies are most likely to invest in emerging technology such as internet of things (IoT) and artificial intelligence (AI) over the next two years.
What else does this report offer?
Scope
Reasons to buy
Summary
The "Information Technology Industry Business Outlook and Procurement Survey June 2018 - November 2018", examine executives’ opinion on the business outlook and procurement activities over June 2018-November 2018. Organizations can know about key business priorities, supplier price variations, changes in capital expenditure, and organizations’ digital transformation strategies. Additionally, it provides information categorized by region and company type.
Amid the several challenges, such as rising competition, market uncertainty, and responding to pricing pressure, IT companies are looking forward to expanding in the current market, developing new products, and improving operational efficiency over the next six months. Moreover, companies are expected to gain significant growth opportunities from emerging markets (such as India, China, and Brazil) and developed markets (such as the US, Germany, and the UK) during June-November 2018. Mergers and acquisitions are expected to increase within the IT industry over the next six months.
The majority of the IT industry executives surveyed expect that their companies are most likely to invest in emerging technology such as internet of things (IoT) and artificial intelligence (AI) over the next two years.
What else does this report offer?
- Key business priorities: examines the IT companies’ important priorities for June 2018-November 2018
- Emerging and developed markets: provides information about key emerging and developed markets which will offer the most growth over the next six months
- Change in M&A activity: analyzes IT industry executives’ opinions on changes in merger and acquisition activity globally
- Business concerns: identifies major business concerns that are likely to impact manufacturers and suppliers
- Change in capital expenditure: tracks the expected change in capital expenditure both globally and regionally
- Change in procurement activities: evaluates how procurement activities will change in the IT industry over the next six months
- Procurement budget outlook: projects procurement budget allocation along with changes in procurement expenditure over June 2018-November 2018
- Supplier prices outlook: determines the expected change in supplier prices over June 2018-November 2018
- Organizations’ digital transformation strategies: identifies executives’ perspectives towards the scope, barriers, and essentials of the digital transformation within the IT industry
- Prevalence of emerging technology: determines the expected technology to gain investment among IT companies over the next two years.
Scope
- Expansion in the current market, new product development, and improving operational efficiency are the top three priorities for the IT companies over the next six months
- Globally, China and India are the emerging markets that have the most potential for significant growth opportunities for the IT industry, while, the US is highest growth-offering developed market during June-November 2018
- IT companies are expected to increase their capital expenditure towards the new product development, and research & development over the next six months
- Executives expect an increment in the procurement activities for the IT services and technology/license purchases during June-November 2018
- Overall, 68% of executives indicate that customer engagement has the highest scope for digital transformation within the IT industry.
Reasons to buy
- Highlights key business priorities thus helping IT companies to realign business strategy
- Develop or adjust business expansion plans by using significant growth-offering emerging and developed markets
- Helps enterprises by providing the insights into the changes in procurement budget allocations through procurement budget projections anticipated by executives for June 2018-November 2018
- Implement effective price management by viewing supplier price variations highlighted for the next six months
- Identify the scope, challenges, and essentials for the digital transformation within the IT industry.
Table of Contents
- Introduction
- Definitions
- Methodology and sample size
- Respondent profile
- Global Business Outlook in June 2018-November 2018
- Strategic business priorities
- Emerging markets with significant growth potential
- Growth potential for developed markets
- Mergers and acquisition
- Leading business concerns
- Capital expenditure projections
- Procurement Behaviors and Strategies
- Potential changes in procurement resources and objectives
- Procurement activity outlook in key areas
- Global procurement budget projections
- Planned change in procurement expenditure
- Supplier prices outlook
- Digital Transformation and Emerging Technologies
- Digital transformation strategy & scope
- Barriers and essentials in digital transformation
- Emerging technologies
- Appendix
List of Figures
Figure 1: Organizations’ Top Priorities - Overall (Jun 2018-Nov 2018)
Figure 2: Organizations’ Top Five Priorities - By Region
Figure 3: Organizations’ Top Five Priorities - By Company Types
Figure 4: Emerging Market with Significant Growth Opportunities - Overall (Jun 2018-Nov 2018)
Figure 5: Top Five Emerging Market with Significant Growth Opportunities - By Region
Figure 6: Top Five Emerging Market with Significant Growth Opportunities - By Company Types
Figure 7: Developing Markets with Prominent Growth Prospects - Overall (Jun 2018-Nov 2018)
Figure 8: Top Five Developing Markets with Prominent Growth Prospects - By Region
Figure 9: Top Five Developing Markets with Prominent Growth Prospects - By Company Types
Figure 10: Change in Mergers and Acquisitions - Overall (Jun 2018-Nov 2018)
Figure 11: Change in Mergers and Acquisitions - Regional
Figure 12: Change in Mergers and Acquisitions - By Company Types
Figure 13: Major Concerns for Organizations - Overall (Jun 2018-Nov 2018)
Figure 14: Top Five Major Concerns for Organizations - By Region
Figure 15: Top Five Major Concerns for Organizations - By Company Types
Figure 16: Change in Capital Expenditure in Key Areas - Overall (Jun 2018-Nov 2018)
Figure 17: Procurement Resources and Objectives Expectations - Overall (Jun 2018-Nov 2018)
Figure 18: Top Six Procurement Resources and Objectives Expectations - By Region & Company Types
Figure 21: Change in Procurement Activities in Strategic Areas - Overall (Jun 2018-Nov 2018)
Figure 22: Change in Procurement Activities in Strategic Areas - By Region & Company Types
Figure 23: Global Procurement Budget Outlook - Overall and Regional (Jun 2018-Nov 2018)
Figure 24: Global Procurement Budget Outlook - By Company Types
Figure 25: Change in Procurement Expenditure - Overall and Regional (Jun 2018-Nov 2018)
Figure 26: Change in Procurement Expenditure - By Company Types (Jun 2018-Nov 2018)
Figure 27: Supplier Prices Expectations - Overall and Regional (Jun 2018-Nov 2018)
Figure 28: Supplier Prices Expectations - By Company Types
Figure 29: Digital transformation strategy - Overall (Jun 2018-Nov 2018)
Figure 30: Digital transformation strategy - By Region
Figure 31: Digital transformation strategy - By Company Types
Figure 32: Scope of digital transformation - Overall (Jun 2018-Nov 2018)
Figure 33: Scope of digital transformation - By Region and Company Types
Figure 34: Barriers to digital transformation - Overall, Regional and Company Types (Jun 2018-Nov 2018)
Figure 35: Success factors for digital transformation - Overall (Jun 2018-Nov 2018)
Figure 36: Success factors for digital transformation - By Region
Figure 37: Success factors for digital transformation - By Company Types
Figure 38: Emerging technologies - Overall (Jun 2018-Nov 2018)
Figure 39: Emerging technologies - By Region
Figure 40: Emerging technologies - By Company Types
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Infosys
- Capgemini Corporation
- Amazon
- Microsoft Corporation
- Cisco Systems
- Dell Technologies
- Astound
- Accompany
