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IT Spending news stories - Page 3

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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.
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IDC
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.
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Customer
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."
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SaaS
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.”
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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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Gartner
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.
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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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IDC
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.
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Microsoft
Federal Government inks cloud deal with Microsoft
The deal accelerates transformation opportunity, invests in public sector skills, drives inclusion and leverages local investment.
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Gartner
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%.
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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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Cybersecurity
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.
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Cloud
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.
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Internet of Things
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.
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Endpoint Protection
Worldwide spending on security to reach $103.1bil in 2019 - IDC
Managed security services will be the largest technology category in 2019.
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IDC
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.
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Digital Transformation
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.
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Infrastructure
EMEA data centre spending to flatline until Brexit’s sorted
“2018 is not a good year for IT spending in EMEA,” says Gartner research vice president John Lovelock.
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Cloud
GCSB report: NZ firms lack CISOs, human investment
More than 80% of New Zealand’s nationally significant organisations don’t have a dedicated chief information security officer (CISO), a benchmark report from the GCSB and NCSC has found.
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Infrastructure
Growing spend on data centre systems could be short-lived
Gartner's data reveals total global IT spending will continue to grow in 2019, with some sectors doing better than others.
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Gartner
A/NZ infosec spending approaches double-digit growth
Gartner has released a new forecast of Australia and New Zealand’s information security spending power between 2018 and 2019.
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Trends
Spending on AI cybersecurity solutions to increase – GlobalData
While cybersecurity has now become a critical business function, it remains a non-core competence for a significant number of boards.
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Cloud
IDC - 2018 will see IT and telecom spending slowdown worldwide
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%.
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Smartphone
Gartner: global IT spending to experience highest growth since 2007
Locally, Australian tech spending is forecast to grow 2.3% to reach A$84.5 billion in 2018, with NZ to reach NZ$12 billion.