According to the eighth Eurocom Worldwide Technology Market Survey, the majority of senior executives are positive about the outlook for the sector.
The survey, which measured sentiment among 664 senior executives in technology based businesses around the world, including 5% from Ireland, found that 61% are more confident now about prospects for the technology sector over the next 12 months than they were last year.
Only 8% of global respondents were less confident about prospects for the next 12 months. This optimism, according to the survey, looks likely to translate into jobs with 57% of respondents expecting the business they work for to increase employment over the next 12 months. Just 9% expect to cut jobs with 34% maintaining current employment levels.
In Ireland, Simpson FT PR were part of the survey team. “Our survey shows a big turnaround in technology market confidence over the last two years. When we conducted the survey in early 2009 just 13% of respondents were more confident and almost half were less confident about the 12 months ahead,” said Ronnie Simpson, Simpson FT PR. “Anecdotally we have also seen a more positive view from our Irish tech clients and a pick-up in hiring despite the difficult Irish economic situation.”
Two thirds of respondents (66%) believe that the global economy is now recovering from recession and the majority (58%) believes that their country is out of recession. However, a significant 37% believes that their country is still in recession.
“This is the eighth year of our global technology snapshot of confidence levels,” said Mads Christensen, network director of Eurocom Worldwide.” The results suggest that technology based business activities are set to recover strongly in the year ahead.”
The 2011 survey, which was conducted by the network and its member agencies during January and February this year, surveyed 664 senior level executives in technology based businesses across more than 30 countries worldwide.
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