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Q: IT Spending by Businesses ( Answered 3 out of 5 stars,   0 Comments )
Question  
Subject: IT Spending by Businesses
Category: Business and Money
Asked by: godude-ga
List Price: $25.00
Posted: 24 Sep 2002 15:19 PDT
Expires: 24 Oct 2002 15:19 PDT
Question ID: 68619
I would like reliable survey information on IT spending by companies
as a percent of total revenue. The answer should include how the
spending is calculated, how many companies in the sample and how
recent is the data. Sources should be referenced. The companies should
be broken out into basic categories: manufacturing, insurance,
banking, retail, hospitals, etc. My primary interest is the spending
levels in manufacturing companies for benchmark comparisons of
budgeting levels.
Answer  
Subject: Re: IT Spending by Businesses
Answered By: omnivorous-ga on 25 Sep 2002 06:58 PDT
Rated:3 out of 5 stars
 
Gartner Group, Meta Group, Soundview Technology Group, Infoquest and
Hackett Benchmarking all track spending IT spending by industry.

Meta Group has surveyed 30,000 IT professionals on spending in 10,000
companies and tracks spending in all technology goods and services. 
In December, 2001, Howard Rubin, executive VP of Meta Group, noted
that almost half of the companies surveyed were lowering IT spending
plans because of post 9/11 impact.

Here are historical -- and predicted 2002 -- IT spending percentages
(as a percent of total revenue) for a variety of industries from Meta
Group/Metricnet:

Chemicals:
2000: 3.09%
2001: 3.51%
2002 (projected): 2.6%

Construction & engineering:
2000: 1.55%
2001: 2.03%
2002 (P): 1.2%

Consumer products:
2000: 3.52%
2001: 4.33%
2002 (P): 3.9%

Electronics:
2000: 3.14%
2001: 3.20%
2002 (P): 2.8%

Energy:
2000:  2.56%
2001: 4.71%
2002 (P): 2.7%

Financial:
2000: 6.76%
2001: 6.09%
2002 (P): 6.5%

Food/beverage processing:
2000: 2.31%
2001: 2.56%
2002 (P): 2.4%

Health care:
2000: 4.33%
2001: 4.81%
2002 (P): 4.2%

Hospitality & travel:
2000: 1.71%
2001: 1.72%
2002 (P): 1.4%

Information technology:
2000: 4.13%
2001: 4.68%
2002 (P): 4.8%

Insurance:
2000: 3.78%
2001: 4.11%
2002 (P): 3.6%

Media:
2000: 3.66%
2001: 3.95%
2002 (P): 3.8%

Metals/natural resources:
2000: 1.84%
2001: 2.30%
2002 (P): 1.9%

Professional services:
2000: 5.11%
2001: 6.39% 
2002 (P): 5.1%

Retail:
2000: 1.64%
2001: 1.80%
2002 (P): 1.7%

Telecommunications:
2000: 5.79%
2001: 5.88%
2002 (P): 5.7%

Transportation:
2000: 3.79%
2001: 3.93%
2002 (P): 4.1%

Utilities:
2000: 3.61%
2001: 3.90%
2002 (P): 2.8%


All of the above information -- along with additional category
breakdowns -- are available (with registration) at:
http://www.metricnet.com

Metricnet tracks IT spending joint with Meta Group.


Google search strategy:
benchmarking + "IT spending" + "by industry"

Also try searches with companies specializing in these measurements,
such as:
"Hackett Benchmarking" + "IT spending"

Best regards,

Omnivorous-GA

Request for Answer Clarification by godude-ga on 27 Sep 2002 06:06 PDT
Unfortunately, the groupings you show do not cover "manufacturing".
There is a metals, but that is probably more like mining. I am really
interested in the manufacturing -- capital goods.

When I go to the links you provided for more information they require
me to pay a fee.

Clarification of Answer by omnivorous-ga on 27 Sep 2002 08:23 PDT
The Meta Group work goes further than listing just "manufacturing" by
listing 5 segments with manufacturers -- chemicals, consumer products,
electronics, food & beverage.  Three others include manufacturers but
also may include significant service sectors -- energy,
telecommunications and information technology.

The metricnet.com data is available on a limited basis with a free
registration to the web page, though they obviously are trying to sell
more detailed looks at their database.

Best regards,

Omnivorous-GA
godude-ga rated this answer:3 out of 5 stars
The breakdown given did not include the specific category I was
interested in. And, further information will require visiting sites
that charge additional fees. However, the answer given was of some
value as it allows me to get a better estimate than I had before. A
good answer.

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