20 April 2005
A recent survey of UK companies and public sector organisations has revealed that four out of ten organisations expect their IT spend to increase by up to 30 per cent in the next 12 months.
Carried out by law firm Shepherd and Wedderburn the research revealed that the main areas for investment will be software purchase and development along with hardware including servers.
Liz McRobb, a partner and IT law specialist at Shepherd and Wedderburn, said: "The shift towards increased IT spending by organisations in 2005 is a sign that confidence is returning to the sector following the dip in recent years due to factors such as the dotcom crash and worsening economic conditions.
"With a quarter of our respondents declaring an IT budget in excess of £2.5 million per year, it is clear that IT investment is once again a priority for UK businesses."© DeHavilland Information Services plc
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