IT Spending stories

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.>>

“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.”>>

More so than ever before, an organisation’s ability to quickly pivot and ramp up or down spending priorities is essential.>>

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.>>

"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.">>

Most A/NZ 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.">>

“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 A/NZ).>>

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>>