• IT SPENDING, US BUSINESS: Spending on information technology by US business organizations increased 8.7% as a percentage of gross revenues in 2000, compared to a 3.4% increase in 1999, according to a study by the META Group. http://cyberatlas.com/big_picture/hardware/article/0,,5921_528411,00.html
• IT SPENDING: According to a survey of Global 2000 corporations, 65% expect to increase IT budgets by 13.3% in 2001 despite fears of an economic slowdown. (Gartner Group, Inc., Feb. 2001).
• IT SPENDING: According to Morgan Stanley, technology spending as a percentage of business equipment spending has risen from 15 percent in 1960 to 25 percent in 1980. This past year, this figure shot past the 50 percent barrier to 53 percent. According to a report from Gartner, technology spending as a percent of all capital expenditures has risen from 5 percent in 1975 to an estimated 30 percent in the year 2000. Gartner goes on to predict that this figure will hit an astonishing 70 percent in the year 2010. (CNET, Mar. 2001).
• IT SPENDING: Despite the fears of an economic downturn in the US, spending on information technology and networks is not being reduced. (CyberAtlas, Feb. 2001). http://www.nua.ie/surveys/index.cgi?f=VS&art_id=905356450&rel=true
• IT SPENDING: Nearly half of companies with network budgets of $500,000 and more predict they'll spend at least 11 percent more than they spent in 2000, and almost one-quarter of them expect to spend an additional 25 percent. (2001 Network World/STAT Resources IT spending survey, Jan. 2001).
• IT SPENDING: Spending on B2B marketplace infrastructure will grow from $2.1 billion in 2000 to $80.9 billion by 2005. (Jupiter Research, Jan. 2001).
• IT SPENDING: Worldwide spending on information and communication technology soared to over $2.1 trillion in 1999, and will surpass $3 trillion by 2003. (World Information Technology and Services Alliance, June 2000).
  

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PLEASE BE ADVISED:

Research organizations differ on many measurements and predictions. Cisco Systems cannot verify the accuracy of all of the findings. We include all credible information to offer a glimpse into the range of estimates and predictions.

Abbreviations / acronyms used herein are defined and explained more fully in the issue briefs available at Cisco’s public policy page. Most common acronyms include DSL (digital subscriber line service, which is high speed Internet access over telephone lines); WAN (wide area network connections link different organizations such as schools across a region); LAN (local area network connections link computers within an organization)