Latest figures show companies invested more of their own funds

Sequestration and the macroeconomic outlook keep confidence in the doldrums

London, 9 January 2014 – Global IT spending will increase at a cumulative annual growth rate (CAGR) of 3.6% to reach $40.8bn by 2017, predicts Ovum. According to new figures from the global analyst firm, highest growth will be in the Asia-Pacific region, in the small to mid-sized enterprise subsector, and in the BI and analytics solution area.

Johns Hopkins University led U.S. universities in research spending for the 34th straight year in fiscal 2012, performing $2.106 billion in medical, science, and engineering R&D, the National Science Foundation says.

A simple tool for calculating ROI can determine which investments are best for your lab

The laboratory industry enjoyed several years of robust growth from the late 1990s until 2003. Record research and development (R&D) investments by the biopharmaceutical industry, in combination with the doubling of the U.S. National Institutes budget, allowed for continual double-digit growth rates.

Our second annual confidence survey reveals a growing optimism about the future and indicates that companies and organizations now have a better understanding of where they are and what they need to accomplish to begin moving forward again.