For those of us in telecom and tech, there is obvious concern about where the economy is headed - just like any other industry. The difference for us is we have seen a recent bubble burst and don't have the excess in our markets which other markets do. In fact in 2000, the dotcom bubble burst in March and the telecom bubble in November.
Most CEOs I speak with in our industry tell me tech and communications are among the best industries to be in for 2009 and beyond.
This of course does not mean we will see runaway spending next year. Company execs tell me they are cautiously optimistic. A few companies are actually looking forward to next year and are positioning themselves to take share from competitors who are generally weak due to poor branding and/or excessive debt.
In order to help you figure out what is happening in the market and what the global outlook is in the telecom and tech space for 2009, TMCnet has conducted its annual survey of purchasing from its online audience of 2-3 million monthly visitors.
We recently issued a press release on the results but I pasted some of the most interesting parts below for your perusal:
- A majority of TMCnet.com visitors, 66 percent, approve purchases, recommend products and determine needs.
- 24 percent have budgets of more than $500,000 for communications and IT purchases in 2009.
- 15 percent have budgets exceeding $1 million.
- 8 percent will spend between $251,000 and $500,000 in 2009.
- 15 percent have budgets of $51,000 to $250,000.
- 19 percent will buy wireless/mobility Solutions.
- 19 percent plan to buy network management products and services.
- 13 percent will buy service provider solutions, such as softswitch, SBC, Gateway, 3G and 4G.
- 11 percent will buy UC solutions.
- 11 percent will buy PBX and IP/PBX solutions.
- 19 percent plan to make network management buys.
The survey on TMCnet.com revealed that nearly one-third of the respondents work for firms employing more than 1,000 employees, with 24 percent employed by large companies with work forces of 5,000-plus. TMCnet visitors hold senior executive jobs, with 33 percent in top-tiers of corporate and IT management. Another 16 percent are technical management and staff.
TMCnet.com is an information source for communications and technology professionals from around the world. Most visitors - 61 percent - are located in the United States and Canada, 13 percent are located in Europe and the Middle East, 5 percent are in Latin America, and 21 percent are in Asia, Australia and Africa.