IT Spending stories - Page 3

Most ANZ businesses continue to invest in technology despite pandemic, with IT spending levels set to be higher in 2021 than ever before. 

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.

"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."

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.

“Looking ahead, we’re seeing early market signals of growing automation and further adoption of machine learning technologies in support of AI security." 

"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.”

Globally, 73% of CFOs noted that their digital transformation (DX) investments had increased since the pandemic (72% in ANZ).

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.

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. 

Despite organisations cutting spending in many areas during 2020 due to the impact of COVID-19, security remains a consistent area of increased investment.

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.

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.

IDC's survey found that, while cost optimisation remains a priority for these organisations, an appetite for continued investment into technology is common

The report further states that 74% of enterprises intend to maintain or increase investments in BDA solutions in 2021.

The revenue growth is driven by the rise in enterprises' need to organise, categorise and structure content in a meaningful manner.

The latest from Gartner shows education and health are both keyed to exceed 8% spending growth.

Cybersecurity remains an investment priority for SMBs and enterprises despite overall IT budget cuts, according to a new report from Kaspersky titled Investment Adjustment: Aligning IT Budgets with Changing Security Priorities.

“With a better understanding of the impact of COVID-19, banks and securities firms are now accelerating automation initiatives, such as customer-facing chatbots, robotic process automation (RPA) and end-to-end account origination solutions."

According to the Garter forecast, the software sector is set to experience the strongest growth in 2020.

Global spending on cloud infrastructure services reached $34.6 billion in Q220

The decline is opposed to the 9.4% growth initially forecasted before the COVID-19 outbreak.

Almost all products/solutions categories are expected to witness reduced demand in 2020, as compared to the high growth projections before the outbreak.

“Overall IT spending is still expected to sharply decline in 2020 but will recover in a faster and smoother manner than the economy."

However, investments in traditional, non-cloud, infrastructure plunged 16.3% year over year.