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Goldman Sachs IT Spending Survey: Top Vendor Winners And Losers

Microsoft tops the survey’s ranking of companies considered to be Global 2000 CIOs’ most strategic vendors, followed by Cisco Systems, which by 2022 is expected to be displaced by Amazon Web Services, now in a fourth-place tie with Oracle

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Cisco Systems, Microsoft, Palo Alto Networks and Tableau Software are among the technology companies that stand to benefit from increased information technology spending in 2020, while Check Point Software Technologies, Juniper Networks and Oracle are expected to lose wallet share, according to the results of a new Goldman Sachs survey.

Goldman Sachs Equity Research’s IT Spending Survey for the Americas polled 100 Global 2000 CIOs in December. The survey, results of which the investment banking firm released this month, is the 87th in a series of surveys conducted twice a year.

The CIOs’ information technology spending plans declined slightly compared with Goldman Sachs' June and year-ago surveys, but remained in expansion mode, according to the survey results.

Goldman Sachs' overall IT spending index declined to 60.5 in December from 67 last June and an all-time high of 85.5 in December 2017, while its capital spending index fell to 56 from 63.5 last June and 76 in June 2018.

“We see the results as indicative of CIOs remaining in a more guarded stance coming off a very strong baseline of spending in 2018 and given ongoing macro issues, including cross-border trade disputes, commodity price fluctuations and Brexit,” Goldman Sachs analysts wrote in the report, which noted modest changes in the responding CIO demographics with slightly more participation from manufacturing and business services companies and less input from the financial services industry.

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