Thursday, December 18, 2008

Shrinking storage budgets projected for 2009

According to a press release this morning storage budgets are expected to decrease in 2009. It will be interesting to see what happens with acquisitions and maintenance budgets in 2009.

Fortune 1000 Enterprise Organizations to See 14% Decrease in 2009 Storage Budgets -- New Research From TheInfoPro
Last update: 9:01 a.m. EST Dec. 18, 2008NEW YORK, NY, Dec 18, 2008 (MARKET WIRE via COMTEX) -- TheInfoPro (TIP),
www.theinfopro.net, an independent research network and leading supplier of market intelligence for the Information Technology (IT) industry, today announced new findings on 2009 storage budgets among Fortune 1000 (F1000) enterprises. According to this new research, the average F1000 organization is facing a 14% decrease in its 2009 budget.

In addition, 68% of companies expect to spend less in 2009 -- with only 21% of those interviewed planning to spend more than $10M, an almost 10% drop from 2008. Financial Services continues to be a weak sector, with 68% of respondents expecting to decrease storage spending. However, 75% of Technology organizations and 63% of Manufacturers also cite significant declines in 2009 spending levels.

Key Findings include:
-- Thirty-two percent (32%) spent less in 2008 as compared with the amount that had originally been budgeted, bringing the average 2008 spend to $10.7 million.

-- Only 32% of clients expect to spend the same or more in 2009 vs. 2008
-- down from 81% in the 2008 vs. 2007 period.
-- The average 2009 budget cut vs. actual 2008 spending represents a 14% decrease.

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