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Macro Views from Spring 2021

Source: https://etr.plus/articles/macro-views-apr21

We are excited to show you several data points and macro takeaways from our Spring Technology Spending Intentions Survey and COVID-19 Impact drill down series, citing participation from 1,500 IT decision-makers.

IT Spend

Across all respondents, the average estimated change in IT spend for Total 2021 vs. Total 2020 is +5.1% to +6.8% y/y (95% confidence level), a +20bps to +320bps increase from our December polling, and a +260bps to +560bps increase from our September polling. The average anticipated change for Q1 and Q2 is also trending positively, with Q2 standing much stronger than Q1.

Hiring / Deployment Trends

Our dataset reveals a decline in organizations citing plans to have employees work from home and cancel business trips in the next three months. Significantly fewer organizations are citing plans to freezing hiring, freeze new IT deployments, and lay off employees. More organizations are citing plans to increase hiring, while acceleration in new IT deployments is stable vs. three months ago.

On-Premise Spending

An average of 33.5% to 39.1% (95% confidence level) of respondents intend to continue mostly spending on cloud infrastructure and applications once they return to physical offices. Approximately 24.2% to 29.4% of organizations indicate their spending on physical IT infrastructure to be below pre-COVID levels once back in the office.

Sector Bifurcation

Outsourced IT and IT Consulting continue their recovery from 2020 declines, with the largest portion of their vendors seeing +5pts or more acceleration y/y.

Business Processes (Appian, Progress) and ECM Software (Veeva Systems, Acquia, Adobe, Open Text, Box, Oracle) also see a high proportion of vendors improve vs. last year.

On the negative side, we see a high portion of Video Conferencing (Zoom, AWS Chime, Cisco, BlueJeans, LogMeIn, Skype & Lync, Fuze), IP Telephony (Five9, Genesys, Cisco, Mitel, Polycom, Avaya, LogMeIn, Siemens), and Virtualization (AWS WorkSpaces, Nutanix, Dell VxRail, Cisco, Citrix, F5 Networks) vendors decelerate -5pts or more from last year.

To learn more about the data behind this article and what ETR Research has to offer, visit https://etr.plus/.

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ForwardKeys is one of the leading travel analytics firms that provides investment firms with alternative and predictive data on the travel industry. Data is offered both on the demand and the offer-side of the aviation market.

Actual Air Reservations is an aggregation of flight bookings made via the Global Distribution Systems. Exclusive agreements make that global travel data is available, including regions that are generally difficult to track. This data contains valuable insights into the profile, behaviour, and impact of events on past, present and future air travellers.

Seat Capacity provides insights into the scheduled flights from 99% of global commercial airlines.

Financial institutions use this data for artificial intelligence and predictive models to forecast the performances of businesses. Combined, the datasets can provide insights into the financial health of businesses operating in the travel and tourism industry. This list contains companies like airlines, airplane leasing companies, oil companies, hotels and travel agencies.

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Data is changing the speed of business. Investors, Corporations, and Governments are buying new, differentiated data to gain visibility make better decisions. Don't fall behind. Let us help.

DATA PROVIDER SPOTLIGHT

ForwardKeys

ForwardKeys is one of the leading travel analytics firms that provides investment firms with alternative and predictive data on the travel industry. Data is offered both on the demand and the offer-side of the aviation market.

Actual Air Reservations is an aggregation of flight bookings made via the Global Distribution Systems. Exclusive agreements make that global travel data is available, including regions that are generally difficult to track. This data contains valuable insights into the profile, behaviour, and impact of events on past, present and future air travellers.

Seat Capacity provides insights into the scheduled flights from 99% of global commercial airlines.

Financial institutions use this data for artificial intelligence and predictive models to forecast the performances of businesses. Combined, the datasets can provide insights into the financial health of businesses operating in the travel and tourism industry. This list contains companies like airlines, airplane leasing companies, oil companies, hotels and travel agencies.