Tech spending news stories
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.
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.
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."
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.
Cloud spending surges in Q2 2020 - Canalys
Global spending on cloud infrastructure services reached $34.6 billion in Q220
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.
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.
GlobalData: A/NZ security service spending set to skyrocket
Australia and New Zealand are estimated to witness the highest compound annual growth rates (CAGR).
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."
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."
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.
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.
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.
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.
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.
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.
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.”