Global IT budgets to grow 3.3% in 2008, US IT budgets to grow 2.3%
Global enterprise IT budget growth remains unchanged at 3.3% in 2008, according to Gartner. While 62% of CIOs reported no change in their 2008 IT budgets, 23% indicated a decline in their budgets, and 15% of respondents reported an increase in their budgets. Of those respondents reporting a decline in budget, the decrease averaged at 10% in their committed 2008 budget. For those respondents that reported an increase in their budget, they said the increase was approximately 15%. Overall US IT budgets for 2008 are expected to grow, but the growth rate has slowed from 3.1% to an increase of 2.3%. 25% of US CIOs indicate that their IT budgets were reduced in Q1 2008, 65% were unchanged and 10% reported budget increases in Q1 2008.