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Economic forecast stories

RBA rate cut fuels cautious optimism as essentials drive growth
Economic forecast

RBA rate cut fuels cautious optimism as essentials drive growth

The RBA's rate cut brings cautious optimism as Australians boost spending on essentials like groceries and pharmacy amid economic uncertainty.

By Kaleah Salmon • 4 min read • Thu, 14th Aug 2025
Projected 5.8% increase to Australia IT spending in 2023
Supply Chain

Projected 5.8% increase to Australia IT spending in 2023

In the latest quarterly tech spending forecast released by Gartner, it is projected that IT spending in Australia will grow 5.8% in 2023.

By Tom Raynel • 2 min read • Thu, 19th Jan 2023
Gartner anticipates $117.2 billion 2022 Australian IT spend
EduTech

Gartner anticipates $117.2 billion 2022 Australian IT spend

Gartner has projected a total Australian IT spend of AU$117.2 billion in 2022 in its latest forecast, increasing by 13.1% from 2021.

By Zach Thompson • 3 min read • Thu, 7th Apr 2022

Global Stories

Economic forecast stories

Understanding the US manufacturing slowdown
Cartech

Understanding the US manufacturing slowdown

The US manufacturing slowdown reflects structural shifts and post-boom normalisation, with rising AI investment reshaping the sector amid tariff pressures.

By Rohit Garewal • 5 min read • Fri, 19th Sep 2025
GPC Asia Pacific adopts AI-powered platform to streamline supply chain
Partner Programmes

GPC Asia Pacific adopts AI-powered platform to streamline supply chain

GPC Asia Pacific chooses RELEX Solutions to optimise forecasting and replenishment across 600 stores, aiming to improve inventory and product availability.

By Catherine Knowles • 3 min read • Thu, 8th May 2025
IBM named leader in Gartner's cloud finance tools report
DevOps

IBM named leader in Gartner's cloud finance tools report

IBM has been recognised as a Leader in the 2024 Gartner Magic Quadrant for Cloud Financial Management Tools for its IBM Cloudability product.

By Catherine Knowles • 2 min read • Fri, 25th Oct 2024
Atturra to acquire managed IT services provider Sabervox
Partner Programmes

Atturra to acquire managed IT services provider Sabervox

Headquartered in Newcastle, Sabervox specialises in providing managed IT services and cloud subscriptions to mid-sized customers in regional NSW and beyond.

By Gaurav Sharma • 3 min read • Thu, 7th Sep 2023
Worldwide IoT spending to surpass $1 trillion in 2026 - IDC
Internet of Things

Worldwide IoT spending to surpass $1 trillion in 2026 - IDC

Investments in the IoT ecosystem are expected to surpass $1 trillion in 2026 with a CAGR of 10.4% over the 2023-2027 forecast period, the analysts find.

By Catherine Knowles • 5 min read • Wed, 21st Jun 2023
FMI predicts 25% CAGR for data virtualization cloud market
Virtualisation

FMI predicts 25% CAGR for data virtualization cloud market

Recent studies reveal that over a third of companies are changing their focus to hybrid cloud structures as a core component of their existing cloud strategy.

By Gaurav Sharma • 3 min read • Mon, 24th Apr 2023
ServiceNow tech services market size set to grow at CAGR of 17.4%
Health Technologies

ServiceNow tech services market size set to grow at CAGR of 17.4%

The ServiceNow tech services market is set to reach US$123.2 billion by 2033, driven by demand from healthcare and media sectors, according to FMI.

By Catherine Knowles • 4 min read • Thu, 20th Apr 2023
Foldable phones market to reach US$42 billion in 2027: IDC
Unified Communications

Foldable phones market to reach US$42 billion in 2027: IDC

According to IDC, worldwide shipments for foldable phones will reach 48.1 million units with a market value of US$42 billion in 2027.

By Gaurav Sharma • 3 min read • Thu, 30th Mar 2023
Oracle Cloud EPM is a leader, says IDC 2022 MarketScape
Enterprise Resource Planning

Oracle Cloud EPM is a leader, says IDC 2022 MarketScape

IDC notes comprehensive product roadmap, exceptional customer support, and a feature-rich solution as key strengths of Oracle Cloud EPM.

By Gaurav Sharma • 3 min read • Fri, 3rd Feb 2023
Projected 2.4% increase in Global IT spending in 2023
IT Budget

Projected 2.4% increase in Global IT spending in 2023

In the latest quarterly tech spending forecast released by Gartner, it is projected that IT spending worldwide will grow 2.4% in 2023.

By Tom Raynel • 3 min read • Thu, 19th Jan 2023
AI platform market set to reach US$254 billion by 2032
Artificial Intelligence

AI platform market set to reach US$254 billion by 2032

The global AI platform market is projected to reach $254.14 billion by 2032, growing at a CAGR of 38.2%, according to Future Market Insights.

By Shannon Williams • 3 min read • Fri, 4th Nov 2022
IDC spending guide shows AI spending will double by 2025
Artificial Intelligence

IDC spending guide shows AI spending will double by 2025

According to a new IDC spending guide, U.S. spending on artificial intelligence solutions will double by 2025.

By Ryan Morris-Reade • 3 min read • Fri, 18th Mar 2022
Forrester's forecast for the APAC tech market indicates a 6.2% growth in 2022
Supply Chain

Forrester's forecast for the APAC tech market indicates a 6.2% growth in 2022

Forrester expects vaccination rates, and the reopening of economies will produce more sustained tech market growth, on par with or higher than before COVID-19.

By Ryan Morris-Reade • 3 min read • Wed, 9th Feb 2022
NZ Govt backs new data-driven forecasting tool for agriculture sector
Agricultural Technology

NZ Govt backs new data-driven forecasting tool for agriculture sector

New Zealand Government invests $200k in new climate forecasting tool to help farmers prepare for dry conditions.

By Catherine Knowles • 3 min read • Fri, 7th Jan 2022

Stories from Other Regions

Economic forecast stories