The January results from the monthly IDC FutureScan show continuing signs of improvement in the IT market. Buyer Intent remains above zero for the third straight month, suggesting a positive outlook for IT spending gains over the next 12 months. Similarly, the five major inputs to the Market Indicators – stock market, GDP, profits, interest rates, and vendor revenues – are all on the rise.
FutureScan is a set of market metrics that measure supply and demand in the IT industry based on leading indicators and customer surveys. Values reflect expectations of future growth, with an index value of 1000 indicating zero growth and each additional 10 points representing roughly 1% of expected growth or contraction.
The Buyer Intent metric for January was 1023, which was up from 1010 in December. One year ago, this metric was at a six-year low of 921. Buyer Intent reflects market demand for IT products and services over the next 12 months.
The Market Indicators number for January, which combines input from economic and IT industry revenue forecasts, was 1083, an improvement over the previous month's 1067. The low point for this metric was in March 2009, when the indicator fell to 901.More information on the IT industry can be found at www.CRMindustry.com