Some good news for software vendors in Bank of America Merrill Lynch’s quarterly CIO Survey.
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Expectations are that spending may be up in 2010 and the possibility/promise of a last quarter budget flush is out there.
Good news for SaaS vendors in particular:
“Cost savings and ease-of-implementation have led CIOs to give high priority to OnDemand software at +3.1% (vs. +3.5% q/q). 71% of the CIOs surveyed were considering a SaaS solution (up from 65% q/q).”
To view the full report, download it here: Bank of America Merrill Lynch CIO Survey – Server & Enterprise