Continued spending growth with a focus on new investment

Confirmation of growing investment in cloud and analytics, especially, comes from a new Morgan Stanley survey as reported by the IDG News Service. The 150 mid-sized to large U.S. and European firms surveyed plan a 4.5% increased in 2014 spending over 2013, with a greater emphasis on new investments than simple cost cutting. Those figures represent a slight slowing of growth (from 5.2% to 4.8%) in the U.S. and a slight acceleration (from 3.5% to 3.7%) in Europe.

Growing commitments to cloud and BYOD support translate into lesser relative spending on servers, storage and mobile equipment. ERP spending is expected to increase as attention moves from the front to the back office for updating systems. Security continues to be a concern as companies adapt to the cloud environment and to multiple, high-profile security breaches over the past year.