Growing confidence in IT industry

Confidence in the IT industry is on the rise and that trend will continue until the end of the year, according to new research.

CompTIA’s latest IT industry Business Confidence Index forecasts that business confidence in the industry will increase by 5.4 points by December, with IT outsourcing customers optimistic about the future.

While six months ago the majority of respondents (58 per cent) were concerned about a stalled recovery, that figure has now dropped to 46 per cent.

Concerns over the access to credit have also been assuaged in that time, with 26 per cent now citing that as a worry compared to 46 per cent six months ago.

Sixty per cent of companies said they expected revenues in the second half of 2010 to be significantly higher than in the first half.

Tim Herbert, research vice president at CompTIA, said: “IT industry executives remain relatively confident about the tech sector and about their firm’s prospects, but concern over the health of the economy persists.”

Source: ihotdesk

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