Details

  • Service: Tax, Mergers & Acquisitions, Advisory, Management Consulting
  • Industry: Media, Technology, Telecommunications
  • Type: Survey report
  • Date: 7/21/2011

U.S. Seen as Technology Growth Leader, Ahead of China, India; Execs Less Optimistic About Jobs, U.S. Recovery 

The U.S. market has rebounded to first place from third just a year ago, ahead of China and India, as a driver of future revenue growth for the technology industry, according to the results of KPMG LLP’s annual Technology Industry Business Climate survey.

Yet, while senior technology executives see the U.S. market driving revenue growth -- and although they anticipate continued investment in mergers and acquisitions and emerging technologies -- they are less optimistic about overall technology industry employment growth and the prospects of a national economic recovery than they were a year ago.
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Among the survey’s key findings:

  • Technology executives remain optimistic about growth, with 77 percent expecting higher company revenue over the coming year
  • Executives expect cloud services and platforms (65 percent) to present the leading source of revenue growth over the next 12 months, followed by mobile apps (45 percent) and advanced data analytics (43 percent)
  • More than 8 out of 10 technology executives believe their companies will be involved in a merger or acquisition during the next two years, with 68 percent likely to be involved as a buyer
  • Access to new technology and products (69 percent) and product synergies (50 percent) will be the most important drivers of alliances, mergers, and acquisitions
  • Tech leaders expect a broad U.S. economic recovery will take hold in 2013 or later
  • 49 percent of tech leaders expect their companies’ headcount to increase over the next year
 

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