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IT Spending news stories

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Migration
Syniti unveils first in series of Knowledge Platform updates
Syniti has introduced a completely cloud-based version of Advanced Data Migration, the first of a range of updates coming this year to its Knowledge Platform.
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Infrastructure
Strong close to 2021 as cloud infrastructure spend reaches $21 billion
As backlogs continue to grow, pent-up demand bodes well for future growth as long as the economy stays healthy, and supply catches up to demand.
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Internet of Things
IoT spending to reach $437 billion by 2025, IDC finds
“IoT in the Asia Pacific excluding Japan (APEJ) markets continues to grow steadily across multiple industries including transportation, retail, manufacturing, resources and utilities."
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IDC
IDC: Software spend on the rise as A/NZ orgs adapt to ongoing changes
According to IDC's Worldwide Semiannual Software Tracker, 1H2021, the total A/NZ software market reached US$7.5 billion, showing a double-digit annual growth in both countries.
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Spending
IT budgets set to boom over next 12 months - research
IT directors expect a budget increase from their employer as companies play catch-up with projects put on hold during the COVID-19 pandemic.
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Gartner
New Zealand IT spending on the rise, set to reach $14.7 billion by 2022
Spending on information technology products and services in New Zealand is projected to total NZ$14.7 billion in 2022, an increase of 6.7% from 2021, according to the latest forecast from Gartner.
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Gartner
$4.5 trillion to be spent on IT next year — Gartner
“What changed in 2020 and 2021 was not really the technology itself, but people’s willingness and eagerness to adopt it and use it in different ways.”
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Digital Transformation
Preserving cash without sacrificing growth or innovation
More so than ever before, an organisation’s ability to quickly pivot and ramp up or down spending priorities is essential.
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Cloud infrastructure
Cloud infrastructure spending drops - report
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.
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Best practice
TBM Council establishes APAC chapter to promote smarter tech spend
"The APAC chapter of the TBM Council provides a forum and framework to help organisations avoid the operational disruption, cost overrun and project delays that have become prevalent."
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IDC spending guides
ANZ IT spending higher than ever, despite disruptive lockdowns - IDC report
Most A/NZ businesses continue to invest in technology despite pandemic, with IT spending levels set to be higher in 2021 than ever before. 
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IT Spending
Spending on big data and analytics to hit $215 billion this year
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.
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IT Spending
IT spending to hit $4.2 trillion in 2021 — report
"CIOs are looking for partners who can think past the digital sprints of 2020 and be more intentional in their digital transformation efforts in 2021."
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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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IDC
A/NZ software spend reaches $13.9b in 2020 to support business resilience
"The support to businesses that IT provided in the outbreak of pandemic has given companies more confidence in IT investment. The expectation on that return of investment is high.”
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Digital Transformation
CFOs boost investment in digital transformation following pandemic
Globally, 73% of CFOs noted that their digital transformation (DX) investments had increased since the pandemic (72% in A/NZ).
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Digital Transformation
APAC IT spending to grow by almost 5% in 2021 — IDC
The acceleration of digital adoption in the wake of the pandemic was a significant driving force, the analyst firm says in its report, and the lifting of lockdowns across the region has stirred consumer demand.
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Cybersecurity
Security and risk management spending in Australia to increase in 2021
Australian organisations will spend more than A$4.9 billion on enterprise information security and risk management products and services in 2021, according to the latest forecast by Gartner. 
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Cybersecurity
A/NZ businesses increase spend on cybersecurity in wake of COVID-19
Despite organisations cutting spending in many areas during 2020 due to the impact of COVID-19, security remains a consistent area of increased investment.
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Gartner
Gartner reveals latest forecast for government IT spending
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.
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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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IDC
A/NZ SMBs to increase IT spending in 2021, despite many being in 'crisis mode'
IDC's survey found that, while cost optimisation remains a priority for these organisations, an appetite for continued investment into technology is common
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Big Data
Big data and analytics solutions to total $22.6 billion in APAC for 2020
The report further states that 74% of enterprises intend to maintain or increase investments in BDA solutions in 2021.
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Enterprise content management (ECM)
Enterprise driving spend in data and content management solutions across APAC
The revenue growth is driven by the rise in enterprises' need to organise, categorise and structure content in a meaningful manner.