| IT Spending in Australia’s Retail Industry Continues to Outpace the Market |
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Springboard estimates that IT spending in the retail industry will reach AUD1.54 billion (US$1.36 billion) by the end of 2007, and that the market will grow at a cumulative growth rate of 9% from 2006 to 2010. The market is expected to hit AUD1.96 billion (US$1.73 billion) by 2010. “Our data also shows that one in five Australian retail companies are on the verge of an IT infrastructure overhaul, and in the process of replacing legacy systems with more modern and cutting-edge technology. This will create many short-term opportunities for IT vendors that are able to effectively communicate the benefits their solutions provide to retailers,” added Mr. Hassey. “We have also seen retail companies across all sectors invest in supply chain management (SCM) to streamline business operations. Retail investment in this IT area is viewed as fundamental to industry growth and profitability, and 26% of retail respondents have said that SCM has been their IT focus area of the past 24 months,” added Mr. Chakravarti. 23% of surveyed retailers said investment in e-commerce was their major solution category of the past 24 months. emerged from respondent feedback. Most of the retailers surveyed (60%) stated that they implemented their IT solutions in house. MNC vendors were mentioned by 29% of respondents. From its market research, Springboard has seen SAP, IBM, Oracle, HP, and Fujitsu gain traction with the larger retail houses. This report examines eight key segments in the retail sector: Food/Grocery/Vegetables, Apparel, Electronics/Electrical (White Goods), Pharmacy, Home Furnishings and Furniture, Lifestyle products (Jewelry/Shoes/Watches), Office Products and Department Stores. For this study, we surveyed 48 IT decision makers at major retail companies in Springboard Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, Springboard Research provides its customers with high value IT market research that helps them identify new market opportunities, growth engines and innovative ways to go to market. As a result, Springboard’s clients lead rather than follow market trends. Not bound by legacy, Springboard’s cutting-edge research model leverages its offshore research centers, the Internet, and an increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional IT market research, Springboard’s reports deliver data and knowledge in a more usable and interactive format for our clients. Springboard Research works with the largest IT companies in the world in the software, services, hardware, and telecommunications sectors. Springboard has been acknowledged as an emerging leader in the global IT market research industry and was recently named a “Rising Star” by Outsell, the leading research and advisory firm for the information industry.
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