During the 4th quarter of 2014, most companies are working on budgets for 2015. I recently came across a new report by Forrester of the US Tech Market for 2014 and 2015. The new projections for the final months of 2014 and for 2015 seem to be in line with what we have seen in our industry. REMEDI works with companies in various industries and sizes, in our niche of B2B, EDI, and MFT our client and prospects have big plans for 2015.
Based on the Forrester report titled “US Tech Spending By Industry, 2014 To 2015 — Which Industries Will Lead The BT Charge?” the new projection of growth for 2014 is 4.5%. As we look forward to 2015 that number increases to 6.2%. Some of the increase could be due to customers needing to upgrade software to a currently supported version or a new product all together. Some more statistics that you may find interesting:
- Software continues to be highest growth category, with 6.8% in 2014 and 8.7% in 2015.
- Weak growth will be tech outsourcing, rising by only 3% in 2014 and 3.5% in 2015.
- Spending on the CIO organization's staff will rise by 7.1% in 2014 and 6% in 2015.
- Business Technology in 2014 will capture 27% of total US tech purchases, but will be more than half of new project tech spending.
The growth numbers for 2015 show that companies are planning on investing in technology. As a cross-industry technology company, REMEDI is also planning for 2015 to support our customers and their initiatives. Do you have a B2B/MFT/EDI initiative for 2015? Celebrating 20 years in the industry, we look forward to helping you with wrapping up your 2014 initiatives and planning for 2015.