IT Industry Business Outlook and Procurement Report November 2016-April 2017

IT Industry Business Outlook and Procurement Report November 2016-April 2017

Summary
Mergers and acquisitions are expected to increase within the IT industry over the next six months (November 2016-April 2017) as a result of rising competition, increased demand for IoT, and addition of new product lines. Even though market uncertainty, rising competition, and retention and recruitment of skilled staff have been highlighted as major business concerns for the global IT industry over the next six months, respondents are willing to increase their focus towards expansion in current markets and development of new products. Furthermore, developing economies such as China, India, and Brazil are projected to offer significant growth opportunities for the global IT industry due to increased investments towards Internet of Things (IoT) and big data analytics. On average, the global IT industries procurement expenditure is projected to increase by 17.3% over the next six months.

Key Findings
The top three key expected priorities as identified by respondents include expansion in current markets, improving operational efficiency, and new product development.

Developed markets such as the US, the UK, and Germany are identified as important regions for growth over the next six months by IT respondents.

New product development, and research and development will record a significant increase in capital expenditure over the next six months.

Executives expect procurement activities for technology and license purchases to increase during November 2016–April 2017.

Of all respondents, 52% indicate the acceptance of e-procurement within their organizations at various stages of procurement process.

Synopsis
Kable’s IT Industry Business Outlook and Procurement Report examines executives’ opinion on the business outlook and procurement activities over November 2016–April 2017. Organizations can know about key business priorities, supplier price variations, changes in capital expenditure, mergers and acquisitions within the global IT industry, and organizations perspective towards e-procurement. Additionally, it provides information categorized by region and company type.

Reasons To Buy
Highlights key business priorities (including comparisons over the last six months) thus helping IT companies to realign business strategy

Organizations can develop or adjust business expansion plans by knowing the significant growth offering emerging and developed markets highlighted in the report

Make changes in procurement budget allocations through procurement budget projections anticipated by executives for November 2016–April 2017

Implement effective price management strategy by viewing supplier price variations highlighted for next six months


Introduction
Definitions
Methodology and sample size
Respondent profile
Global Business Outlook
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
Organizations’ viewpoints on e-procurement
Appendix
List of Figures
Figure 1: Organizations’ Top Priorities - Overall, Comparison (May–Oct 2016 and Nov 2016–Apr 2017)
Figure 2: Organizations’ Top Priorities - By Region, Nov 2016–Apr 2017
Figure 3: Organizations’ Top Priorities - By Company Types, Nov 2016–Apr 2017
Figure 4: Emerging Market with Significant Growth Opportunities - Overall, Comparison (May–Oct 2016 and Nov 2016–Apr 2017)
Figure 5: Top Five Emerging Market with Significant Growth Opportunities - By Region, Nov 2016–Apr 2017
Figure 6: Top Five Emerging Market with Significant Growth Opportunities - By Company Types, Nov 2016–Apr 2017
Figure 7: Developed Markets with Prominent Growth Prospects - Overall, Comparison (May–Oct 2016 and Nov 2016–Apr 2017)
Figure 8: Top Five Developed Markets with Prominent Growth Prospects - By Region, Nov 2016–Apr 2017
Figure 9: Top Five Developed Markets with Prominent Growth Prospects - By Company Types, Nov 2016–Apr 2017
Figure 10: Change in Mergers and Acquisitions, Overall, Comparison (May–Oct 2016 and Nov 2016–Apr 2017)
Figure 11: Change in Mergers and Acquisitions, By Region, Nov 2016–Apr 2017
Figure 12: Change in Mergers and Acquisitions, By Company Types, Nov 2016–Apr 2017
Figure 13: Major Concerns for Organizations - Overall, Comparison (May–Oct 2016 and Nov 2016–Apr 2017)
Figure 14: Major Concerns for Organizations - By Region, Nov 2016–Apr 2017
Figure 15: Major Concerns for Organizations - By Company Types, Nov 2016–Apr 2017
Figure 16: Change in Capital Expenditure in Key Areas - Overall, Nov 2016–Apr 2017
Figure 17: Change in Capital Expenditure in Key Areas - By Region, Nov 2016–Apr 2017
Figure 18: Change in Capital Expenditure in Key Areas - By Company Types, Nov 2016–Apr 2017
Figure 19: Procurement Resources and Objectives Expectations - Overall, Comparison (May–Oct 2016 and Nov 2016–Apr 2017)
Figure 20: Top Four Procurement Resources and Objectives Expectations - By Region, Nov 2016–Apr 2017
Figure 21: Top Four Procurement Resources and Objectives Expectations - By Company Types, Nov 2016–Apr 2017
Figure 22: Change in Procurement Activities in Strategic Areas - Overall, Nov 2016–Apr 2017
Figure 23: Change in Procurement Activities in Strategic Areas - By Region, Nov 2016–Apr 2017
Figure 24: Change in Procurement Activities in Strategic Areas - By Company Types , Nov 2016–Apr 2017
Figure 25: Global Procurement Budget Outlook - Overall and Regional, Nov 2016–Apr 2017
Figure 26: Global Procurement Budget Outlook - By Company Types, Nov 2016–Apr 2017
Figure 27: Change in Procurement Expenditure - Overall and Regional, Nov 2016–Apr 2017
Figure 28: Change in Procurement Expenditure - By Company Types, Nov 2016–Apr 2017
Figure 29: Supplier Prices Expectations - Overall, Comparison (May–Oct 2016 and Nov 2016–Apr 2017)
Figure 30: Supplier Prices Expectations - By Region, Nov 2016–Apr 2017
Figure 31: Supplier Prices Expectations - By Company Types, Nov 2016–Apr 2017
Figure 32: Organizational Perspective on e-procurement - Overall, Comparison (May–Oct 2016 and Nov 2016–Apr 2017)
Figure 33: Organizational Perspective on e-procurement - By Region
Figure 34: Organizational Perspective on e-procurement - By Company Types

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