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Source: DarkReading - Posted by Eric Lubow
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Lingering concern about the overall state of the economy has many CIOs forecasting a slowdown in IT spending in 2007, according to a new survey from analyst firm Merrill Lynch. But compliance concerns and the looming threat of organized crime online mean that security spending remains healthy. The survey of 75 U.S. and 25 European CIOs reveals that users expect 5.2 percent spending growth in 2006 and 4.8 percent in 2007. American execs predict only 4.4 percent spending growth over the coming 12 months, compared to their more bullish international counterparts who expect 6.1 percent growth.
Merrill, however, paints a relatively rosy security picture, with execs predicting growth of 4.8 percent in their security spending this year. American CIOs, on the other hand, seem more willing to open their wallets than European execs, envisaging a 5 percent spending hike, compared to just 4.1 percent on the other side of the Atlantic.
Read this full article at DarkReading
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