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IT Spending news stories - Page 2

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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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Cloud
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.
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Healthcare
Gartner: Aus enterprise IT spend to grow 3.6% in 2021
The latest from Gartner shows education and health are both keyed to exceed 8% spending growth.
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IT Spending
Businesses are trying to remain afloat, but continue to invest in cybersecurity
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.
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Gartner
Banking and securities IT spending down, Gartner forecasts 2021 rebound
“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."
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Business Intelligence / BI
Global government IT spending to reach $438 billion in 2020
According to the Garter forecast, the software sector is set to experience the strongest growth in 2020.
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Canalys
Cloud spending surges in Q2 2020 - Canalys
Global spending on cloud infrastructure services reached $34.6 billion in Q220
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IT Spending
COVID-19 continues to wreak havoc on markets as Australian ICT spend plunges
The decline is opposed to the 9.4% growth initially forecasted before the COVID-19 outbreak.
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IT Spending
NZ enterprise ICT spending to drop 6.3%, says GlobalData
Almost all products/solutions categories are expected to witness reduced demand in 2020, as compared to the high growth projections before the outbreak.
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Gartner
Global IT spending plunges, but will have faster recovery - Gartner
“Overall IT spending is still expected to sharply decline in 2020 but will recover in a faster and smoother manner than the economy."
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Infrastructure
Cloud IT infrastructure spending on the rise in 1Q20 - IDC
However, investments in traditional, non-cloud, infrastructure plunged 16.3% year over year.
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Cloud
IDC COVID-19 Tech Index finds business confidence in decline
Business confidence on IT spending is continuing to decline despite moves to ease economic lockdown, according to new research from IDC. 
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Cloud Services
Gartner: Local IT spending to dip 6% in 2020
“Investments will be minimised and prioritised on operations that keep the business running.”
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IDC
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.
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Infrastructure
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.
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Gartner
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."
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Cloud
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.
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IDC
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.
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IDC
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.