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Gartner: Local IT spending to dip 6% in 2020
“Investments will be minimised and prioritised on operations that keep the business running.”
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.
IDC: Global IT spending to decline 5% worldwide
"Where there is growth, most of it is in the cloud" as infrastructure spending manages to rise among a sinking market.
Gartner: The eight actions CIOs must take to ensure financial survival during COVID-19
"Survival will depend on maintaining cash flows and income while continuing to be innovative with technology."
IDC forecasts drop in IT spend across every industry in 2020
The economic impact of the international COVID-19 crisis will see worldwide IT spending decline 2.7% in 2020.
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.
COVID-19: IT spending to decline further, says IDC
IT spending across the globe will decline 2.7% this year as COVID-19 continues to take its hold on the world's economy, says IDC.
IDC: decline, not growth, for APAC IT spending
The COVID-19 pandemic has hit the IT economy hard and IDC says that pessimistic scenarios are now playing out – and may get worse.
IDC: Global IT spending growth may drop as low as 1% for 2020
Depending on how the economic factors around COVID-19 play out, a pessimistic scenario would see spending growth nowhere near the 4.3% expected.
IT spending impacted by Coronavirus and declining PC sales, IDC finds
“Much of this year's growth is dependent on a positive smartphone cycle as the year progresses, but this is under threat from disruption caused by the Coronavirus crisis."
Global IT set to reach $4 trillion, driven by SaaS
“With the waning of global uncertainties, businesses are redoubling investments in IT as they anticipate revenue growth, but their spending patterns are continually shifting.”
GlobalData: A/NZ security service spending set to skyrocket
Australia and New Zealand are estimated to witness the highest compound annual growth rates (CAGR).
Gartner: A/NZ still outstripping the globe on IT spending growth
However, both Australia and New Zealand are expected to mirror the global decline on device spending.
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."
IDC: Commercial sector will lead ICT spending to $4.8 trillion in 2023
Digital transformation and the adoption of automation technologies will be driving investments in applications, analytics, middleware, and data management software.
Federal Government inks cloud deal with Microsoft
The deal accelerates transformation opportunity, invests in public sector skills, drives inclusion and leverages local investment.
Gartner: A/NZ IT spending continues to outstrip global average
Australia will see a 3.1% increase in IT spending, while NZ should expect 2.3%. This is compared to global growth of just 0.6%.
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.
Network security providers dominate cybersecurity - Canalys
Cisco, Palo Alto Networks and Fortinet, all with a strong focus on network security products, outperformed the market, recording strong double-digit growth.
Cybersecurity spend tops $37b, but still only a fraction of IT investment
As spend continues to increase, cybersecurity only represents 2% of total IT expenditure, even as organisations increase protection against malicious threats and keep in line with data compliance regulations.
Digital spending to hit US$1.2 trillion by 2022
A recent study by Zinnov shows that IoT spend reached US$201 billion in 2018 while outsourcing service providers generated $40 billion in revenue.
Worldwide spending on security to reach $103.1bil in 2019 - IDC
Managed security services will be the largest technology category in 2019.
IDC: Growth in ICT spend driven by cloud infrastructure
Service providers account for a growing share of ICT spending, led by a surge of cloud infrastructure spending, according to IDC.
Digital transformation in Europe a €333b business
IDC has shared its forecast for digital transformation spending in Europe, which looks to be a very profitable industry.