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Global financial crisis having limited impact on the business continuity market

Get free weekly news by e-mailContinuity Central is currently carrying out a survey entitled ‘The global financial crisis and its impact on the business continuity market’. So far, the results of the survey show that the impact is somewhat limited. 57 percent of respondents state that the global financial crisis is having no impact on business continuity planning activities in their organization. However, 35 percent report that it is having a negative impact and 8 percent say that it is actually having a positive impact on business continuity planning activities.

Business continuity spending
When looking ahead to 2009, 37 percent of respondents thought that spending on business continuity activities would be lower (26 percent) or much lower (11 percent). 41 percent expect that spending in 2009 will be the same as 2008; and 22 percent will spend more (18 percent) or much more (4 percent) than in 2008.

Staffing levels
Respondents were asked about the impact of the global financial crisis on staffing levels in business continuity teams. Only 17 percent of organizations have reduced or expect to reduce staffing levels. 68 percent expect that levels will remain the same and 15 percent of respondents’ organizations will be increasing business continuity staff numbers in the future.

The survey is still open : please take part at http://www.continuitycentral.com/survey17.html It is completely anonymous and will take about five minutes of your time.

•Date: 22nd October 2008• Region: World •Type: Article •Topic: BC statistics
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