Mid-market companies are bucking the UK trend for lower IT budgets, claims Node4, despite lack of confidence in the UK’s economic prospects. Its report, Mid-market IT priorities 2017, reveals that 77% of decision-makers in companies with a turnover of £15m to £800m expect to see an IT budget increase in 2017: 35% are looking forward to a rise of 5-10%, with a further 22% anticipating an increase of over 10%.
Hosted and cloud-based services will consume a significant share of mid-market IT budgets in 2017. Infrastructure as a Service (20%) and Managed Security as a Service (16%) are the top two cloud spending priorities, followed by Managed Services (12%) and Disaster Recovery as a Service (11%).
Overall business confidence in the mid-market is weak, with just 18% of respondents feeling optimistic about their organisation’s prospects in 2017 and 81% viewing challenges thrown up by Brexit as a medium or high priority.