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Technology companies are bullish about the year ahead according to the annual global IT confidence survey conducted by Eurocom Worldwide in association with its UK partner Six Degrees.
The survey, which covered senior executives in 232 global IT companies including the UK, found that confidence levels were high with a significant majority (84 per cent) expecting to increase revenues. Forty four per cent expect to increase jobs while 52 per cent said that head count levels would be maintained. Just 4 per cent predicted layoffs.
None of the respondents surveyed were less confident about the year ahead. Forty per cent were more confident and 60 per cent retained the same levels of confidence.
"The study suggests that the tech recovery has well and truly kicked in. While we will never get back to the heady days of the dot.com boom, that is to be welcomed. This study suggests a more sustainable recovery," commented Jan Stannard, joint managing director of Six Degrees. "This was heralded in our survey last year which predicted that recovery was likely to begin by the third quarter of 2004 at the latest."
The Eurocom Worldwide survey predicts a continuing movement of IT manufacturing jobs away from traditional Western economies to China, India and Central and Eastern European Region (CEER). Forty three per cent of respondents see China as the global region which will see the highest growth in IT manufacturing jobs over the next three years followed by India (24 per cent) and CEER (17 per cent).
Eighty six per cent believe that the tech recovery has begun although a little over one in ten (11 per cent) are still waiting for the upturn.
Twenty nine per cent of senior IT executives believed that the election of John Kerry would have been better for the global IT economy in 2005. Twelve per cent favoured George W. Bush but almost 60 per cent said the result made no difference to prospects for the IT sector.
232 CEO or Director level executives responded to the survey in 30 countries Fieldwork was completed in February 2005.
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