Fleet management and maintenance software tools

Corporate Spending Goes Negative -- Clear Signs of a Recession in ChangeWave's Latest Software Survey Results

Rockville, MD (PRWEB) January 25, 2008 -- For the first time in years, a ChangeWave corporate software spending survey is pointing to negative growth for the economy. The survey presents clear signs of a recession in business spending for the first quarter of 2008.

Better than one-in-five respondents (22%) now say their company will spend less for software over the next 90 days compared to the previous 90 days -- 8 percentage points worse than our previous survey in October 2007.

Just 16% of respondents say their company will spend more -- 2 points worse than previously.

A total of 1,802 respondents involved with software purchasing in their company participated in the January 9-16 survey.

"These latest software results -- combined with our recent consumer spending survey - should end the 'are we or aren't we' in economic recession debate once and for all," said Tobin Smith, founder of ChangeWave Research and editor of ChangeWave Investing. "Now both businesses and consumers are singing from the same 'cut-thy-spending' hymnal."

(To download the chart along with the ChangeWave Corporate Software survey results, go to ChangeWave Software Spending Report (http://www.changewave.com/software)).

Forces Driving the Slowdown:

Nearly one-in-10 respondents (9%) cite "a general slowdown in business conditions and capital budgets" as the foremost factor driving their companies purchasing decisions -- a number that is up 3 points since October 2007 and triple the percentage of a year ago.

In a follow-up question, respondents were asked if there had been any adjustments made to their first quarter capital budgets over the past 90 days.

Twice as many said their capital budgets were adjusted lower (22%) than said they were increased (11%) -- a powerful indicator of a very tough corporate spending environment.

The survey also looked at specific software categories and found Security Software (16%; down 7-pts) to have experienced the biggest slowdown since October 2007. Business Intelligence (8%; down 2-pts) and Document/Content Management (5%; down 2-pts) software also look softer.

On a somewhat brighter note, Virtualization (9%) and Enterprise Resource Planning (7%) spending appear similar to that of the previous survey.

But overall, the survey results show clear signs of a recession in business spending for the first quarter of 2008, and are a striking confirmation that we're now sailing through a period of heavy economic turbulence.

The ChangeWave Alliance is a network of 14,000 highly qualified business, technology, and medical professionals in leading companies of select industries -- credentialed experts who spend their everyday lives working on the frontline of technological change. ChangeWave surveys its Alliance members on a range of business and investment research and intelligence topics, collects feedback from them electronically, and converts the information into proprietary quantitative and qualitative reports.

For a copy of the entire ChangeWave Research corporate software spending survey, please contact Darlene March, March Media Relations, (714) 514-3736.

###

MORE ARTICLES:

How To Monitor Your Company Vehicles With Gps Fleet Tracking
The world today is full of hidden dangers; statistics show that in some areas of the country that vehicle theft is at an all time high Companies need to take precautions to protect their drivers, vehicle, and shipments

Automotive Scan Tools And The Modern Car
Thanks to the increasing complexity of modern automobiles over the past few years, most professional auto shops and garages now require a selection of automotive scan tools with which to carry out day to day diagnostic work in order to pinpoint any problems with an engine or engine management system in order to discover what action is needed in order to effect a repair with the minimum of error and maximum efficiency.

Confio Software Enables Web Access to Monitor Performance Management with Introduction of Ignite Web Client
Debut of new web client provides greater accessibility and tracking with the Confio Igniter Suite.

IPHost Network Monitor: a New Monitoring Tool for SMBs with Both SNMP and WMI Support
IPHost Network Monitor provides a robust agent-less tool for monitoring of networks, servers, and different business critical applications and services.

Canonical Announces General Availability of Systems Management and Monitoring Tool
Canonical, the commercial sponsor of Ubuntu, announced today the general availability of Canonical Landscape, the systems management and monitoring tool for Ubuntu. Ubuntu users are invited to register for a free trial.

Handsontools Helps Auto Mechanics Find Automotive Tools Specific to Auto Manufacturer
The vehicle specific tool page addresses one of the major problems in finding a specific automotive or truck repair tool for a specific brand of vehicle.

5square.com Adds New Accessory Sales Tool: Helps Auto Dealers Increase Vehicle Grosses
5square.com, which delivers Sales Process Automation software to automotive dealerships, today released a new Accessory Sales Tool that helps auto dealers increase gross profit opportunities by driving front-end accessory sales. It is built right into the overall 5square.com Web-based system and greatly expands upon the previous accessory sales functionality. Dealers using the tool are seeing results as high as a 19% increase in grosses.

Automotive Scan Tools -- What Are They?
Over past few years, the most expert auto shops & garages now need choice of automotive scan utensils which carry out everyday diagnostic work to pinpoint any of the problems with engine or else engine management system to find out what action is required to effect repair with minimum of error & maximum competence

Network Monitoring Tools
If you are a part of a large corporate you must have at some point been involved with network infrastructure in one way or the other. It is indispensable for a corporate company in this knowledge era to deploy an efficient network as the nerve centre of all of its transactions. Regardless of you spending time in the administration of the network or accessing computer to check email, the performance of the network is critical. Its reliability can result either in effective productivity or paralyzing inefficiency.

Exinda Networks & Level Platforms Deliver Integrated Tool for Resellers' Remote Monitoring Managed Services
Exinda Networks, a leading provider of wide area network (WAN) optimization solutions, and Level Platforms, a leading provider of remote monitoring and management software, today announced their partnership and technology integration. Solution providers using Level Platforms? remote monitoring and management software, Managed Workplace®, will now be able to remotely monitor Exinda?s WAN optimization appliances. This will allow solution providers to proactively manage their customers? application performance.

Tool Discounter Expands Its Automotive Product Line in the Areas of High Performance Automotive Products, Body Shop Tools, and Automotive Welding Tool
Sunpro, Clarke Power Products, and Schumacher high performance automotive equipment are added to the Tool Discounter e-commerce website.

Computer Monitoring Software and Data Recovery Tools: Two Valuable Resources for Cyber Security Awareness Month
October is Cyber Security Awareness Month, but Internet safety and security are year-long practices. Pandora Corp., makers of PC Pandora monitoring software and the Pandora Recovery tool, is stressing importance on two key security areas this month: the ability to track harmful changes to your home computer and recover lost data, and the knowledge that your children are safe when they go online...

What To Expect With Scan Imaging Software Tools
As the concept of paperless office is gaining more and more currency, a number of organizations have started to take this route. In this scenario, scan imaging software becomes one of your primary requirements. However you can not pick up any scan imaging software from market and deploy it. In order to be actually value for money, the software package must be equipped with some must have features.

OBD Incorporated Announces Availability of Automotive Scan Tool Covers
OBD Incorporated, an automobile repair tool accessory manufacturer, announces the availability of its full line of rugged, high quality scan tool covers. Marketed under the OBD GEAR? brand, all scan tool covers are designed to provide protection from the dirt and dangers of the shop environment, plus help protect the tool's appearance, usability and resale value. Covers are available for the Snap-on MODIS?, SOLUS? and ETHOS?, as well as the OTC Genisys?. All scan tool covers are designed with a clear display protector and easy access to controls and commonly used features. Prices range from $39 to $99.