IT Budget stories - Page 9

Australian small businesses that increase their investment in technology grow their revenue and create jobs faster than other businesses.

Despite global uncertainty and trade wars, IDC forecasts ICT spending to hit USD $4.8 trillion by 2023, led by the commercial sector with a 5.1% CAGR.

Cisco, Palo Alto Networks and Fortinet, all with a strong focus on network security products, outperformed the market, recording strong double-digit growth.

Despite soaring to USD $37 billion in 2018, cybersecurity spend only constitutes 2% of total IT investments, Canalys reports.

A recent study by Zinnov shows that IoT spend reached US$201 billion in 2018 while outsourcing service providers generated $40 billion in revenue.

Global security spending is set to hit USD $103.1 billion in 2019, up 9.4% from 2017, driven by industries like banking and government, says IDC.

New IDC forecast expects the Internet of Things spending in Asia/Pacific excluding Japan to reach US$381.8 Billion by 2022.

Service providers account for a growing share of ICT spending, led by a surge of cloud infrastructure spending, according to IDC.

The trade war, among other factors, is set to negatively impact global ICT spending but the market will still experience positive growth.

Security professionals feel like they are perceived as 'policemen', and 13% say they experience negativity from colleagues all the time.

Global spending on smart cities will soar to USD $95.8 billion in 2019, with major investments from Singapore, New York City, Tokyo, and London.

IDC has shared its forecast for digital transformation spending in Europe, which looks to be a very profitable industry.

EMEA's IT spending stymied by Brexit uncertainty, with data centre and device investments flatlining as security and cloud services gain traction.

Gartner's data reveals total global IT spending will continue to grow in 2019, with some sectors doing better than others.

With digital transformation rife, IT departments around the globe are being forced to do more with the same resources.

Gartner has released a new forecast of Australia and New Zealand's information security spending power between 2018 and 2019.

While cybersecurity has now become a critical business function, it remains a non-core competence for a significant number of boards.

An IDC report shows that the market is on course for a growth of 3.7% this year, slightly down from last year's 4.2%.

Gartner forecasts a 4.5% rise in global IT spending to USD $3.7 trillion in 2018, driven by digital business, AI opportunities, and SaaS solutions.

Small and medium-sized businesses (SMBs) in Japan are struggling to enhance their cybersecurity due to the high costs involved, according to a survey by ESET.