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Tech spending news stories

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Gartner
Gartner anticipates $117.2 billion 2022 Australian IT spend
Gartner has projected a total Australian IT spend of AU$117.2 billion in 2022 in its latest forecast, increasing by 13.1% from 2021.
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Workplace of the future
Future of work tech spend to reach $656bn in 2021, IDC finds
The largest area of investment in 2021 will be hardware, where companies are expected to purchase $228 billion in endpoint devices, enterprise hardware, infrastructure as a service (IaaS), and robotics and drones.
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Cybersecurity
Spending on cybersecurity and risk management tech to hit $150 billion in 2021
“Looking ahead, we’re seeing early market signals of growing automation and further adoption of machine learning technologies in support of AI security." 
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Digital Transformation
Global IT spending to hit almost $4 trillion this year — Gartner
This is a marked improvement from last year, where IT spending declined by 3.2% in the wake of the COVID-19 pandemic, which forced IT teams to prioritise mission-critical infrastructure over IT spending.
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Canalys
Cloud spending surges in Q2 2020 - Canalys
Global spending on cloud infrastructure services reached $34.6 billion in Q220
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IDC
IT buyer confidence plummets in US but slivers of hope seen in APAC
While spending on some technologies, like cloud and remote platforms, has seen an uptick, IDC says a ‘significant’ overall contraction will be felt in the next few months.
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IDC
Opportunity awaits for tech spend despite COVID-19, says IDC
Recent forecasts may point towards declines in overall tech spending in 2020, but there also opportunities where business may be looking to increase short-term investments as part of their response to the COVID-19 crisis.
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IT Spending
GlobalData: A/NZ security service spending set to skyrocket
Australia and New Zealand are estimated to witness the highest compound annual growth rates (CAGR).
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Cybersecurity
Worldwide spending on security products and services set to reach $151.2 billion in 2023
"Considering there have been many attempts for hackers to acquire funds from banks, the banking industry is expected to spend the most on security solutions."
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Cybersecurity
Australian banking and securities IT spend to reach $18.5 billion
“The banking and securities industry continues to spend in pursuit of digitalisation, whether through digital business optimisation or transformation."
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Xero
Xero data shows SMB growth linked to technology spend
Australian small businesses that increase their investment in technology grow their revenue and create jobs faster than other businesses.
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Artificial Intelligence
Gartner: A/NZ IT spending growth will surpass worldwide
2019 IT spending is expected to grow 2.2% in New Zealand, and 3% in Australia, far exceeding the 1.1% global average.
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Internet of Things
IDC: A/NZ second highest APAC IoT spenders per capita
New IDC forecast expects the Internet of Things spending in Asia/Pacific excluding Japan to reach US$381.8 Billion by 2022.
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Internet of Things
IDC: Global smart cities spending will near $100b this year
The IDC spending guide has expanded the scope of its spending guide to over 100 cities and 30 use cases.
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Gartner
Gartner: Why 28% of key enterprise IT spending will shift to cloud by 2022
Growth in enterprise IT spending on cloud-based offerings will be faster than growth in traditional, non-cloud IT offerings. 
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3D Printing
IDC - spending on 3D printing to reach $23b in 2022
IDC forecasts worldwide spending to exceed $14 billion in 2019, an increase of 23.2% over 2018.
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Spending
Opportunities as IOT, Cloud & ML keep growing, says Kiwi research
“Manufacturing and agriculture are taking the lead… with the view to continue implementing industry 4.0 technologies.”