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Virtualization Spending, Strong despite Tighter IT Budgets

Despite a decline in spending on business software given a waning U.S. economy, an April 2008 survey of IT organizations shows that virtualization software spending has increased.

The survey of about 2,000 respondents by Rockville, Md.-based ChangeWave Research found that overall software spending is on the decline, with only 12% of respondents saying that they will invest in software over the next 90 days, and one in four saying they will spend less. But at the same time, virtualization investments are on the rise, increasing 12 percentage points from 58% in January to 70% today, the survey showed.

VMware Inc.'s April 2008 earnings report is evidence of this; revenues for the first quarter were $438 million, an increase of 69% compared with the first quarter of 2007.

Check out the full article to find out who continues to dominate the industry and why virtualization spending remains strong.

 
 
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