IT Spending stories

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.More

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. More

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

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.More

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.More

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

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

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

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

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.More

“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."More

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

Global spending on cloud infrastructure services reached $34.6 billion in Q220More

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

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

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

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

Business confidence on IT spending is continuing to decline despite moves to ease economic lockdown, according to new research from IDC. More

“Investments will be minimised and prioritised on operations that keep the business running.”More

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.More

"Where there is growth, most of it is in the cloud" as infrastructure spending manages to rise among a sinking market.More

"Survival will depend on maintaining cash flows and income while continuing to be innovative with technology."More

The economic impact of the international COVID-19 crisis will see worldwide IT spending decline 2.7% in 2020.More

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.More