F1000 Companies to Slash Storage Budgets in 2009
TheInfoPro.net, an independent research network has announced new findings on 2009 storage budgets among Fortune 1000 (F1000) enterprises.
The survey said that the financial services sector continues to be weak, with 68% of respondents expecting to decrease storage spending. However, 75% of technology organizations and 63% of manufacturers sited significant declines in 2009 spending levels.
The studies are conducted twice a year and include discussions about spending with storage suppliers such as EMC, NetApp, HDS, IBM, and HP.
We started to witness potential softness when we completed the initial 2008 Storage spending study in Q2, and as would be expected, the just-released Q4 update shows a material decline, said Ken Male, CEO of TheInfoPro. The macro economic environment has been a driver for the spending decrease in 2008 compared with 2007, along with the reduced planned spending for 2009. However, excess capacity and the procurement of lower-cost tiers of storage have also contributed to the considerably lower Q4 budget flush that we’re witnessing compared to previous years.
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