IT Spending stories - Page 4

Software spending in Australia and New Zealand experienced double-digit growth in 1H2021, with cloud adoption leading the way, according to IDC analysts.

IT directors expect a budget increase from their employer as companies play catch-up with projects put on hold during the COVID-19 pandemic.

New Zealand's IT spending is set to reach NZ$14.7bn in 2022, with businesses shifting towards cloud services, says Gartner.

IT spending to reach $4.5tn in 2022, a 5.5% increase from 2021, as enterprises focus on building new technologies, according to Gartner.

More so than ever before, an organisation’s ability to quickly pivot and ramp up or down spending priorities is essential.

The decrease comes after six quarters of year-over-year growth, and most notably compares to the 39.1% annual growth seen by the market in 2Q20.

TBM Council forms APAC chapter, appoints Regional Advisory Board from financial and technology executives in Australia and Singapore.

Most ANZ businesses continue to invest in technology despite pandemic, with IT spending levels set to be higher in 2021 than ever before.

As economies recover from COVID-19, BDA spending has increased over 10% from 2020 and will continue to grow in next five years, according to IDC.

Global IT spending is expected to reach $4.2 trillion this year, an increase of 8.6% from 2020, according to Gartner.

Organizations in 2021 are projected to spend $656bn on future of work technologies, a 17.4% increase over 2020, according to IDC.

Global spending on information security and risk management technology will reach $150.4 billion this year, according to research from Gartner.

Software spending in Australia and New Zealand reached $13 billion in 2020, a 7% rise, according to IDC's latest report.

Globally, 73% of CFOs noted that their digital transformation (DX) investments had increased since the pandemic (72% in ANZ).

Asia Pacific's ICT spending is projected to grow by 4.9% to reach $924bn this year, and is expected to exceed $1tn by 2024, according to IDC.

Australian organisations to spend over A$4.9bn on enterprise information security in 2021, an 8% increase from last year, says Gartner.

Despite organisations cutting spending in many areas during 2020 due to the impact of COVID-19, security remains a consistent area of increased investment.

Worldwide government IT spending is forecast to total $483 billion in 2021, an increase of 5.1% from 2020, according to the latest forecast by Gartner.

Global IT spending set to reach $3.9tn in 2021, growing by 6.2% YoY, a significant improvement after last year's decline due to COVID-19, says Gartner.

IDC's survey found that, while cost optimisation remains a priority for these organisations, an appetite for continued investment into technology is common.