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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.More

The COVID-19 pandemic has hit the IT economy hard and IDC says that pessimistic scenarios are now playing out – and may get worse.More

Depending on how the economic factors around COVID-19 play out, a pessimistic scenario would see spending growth nowhere near the 4.3% expected.More

“Much of this year's growth is dependent on a positive smartphone cycle as the year progresses, but this is under threat from disruption caused by the Coronavirus crisis."More

“With the waning of global uncertainties, businesses are redoubling investments in IT as they anticipate revenue growth, but their spending patterns are continually shifting.”More

Australia and New Zealand are estimated to witness the highest compound annual growth rates (CAGR).More

However, both Australia and New Zealand are expected to mirror the global decline on device spending.More

“The banking and securities industry continues to spend in pursuit of digitalisation, whether through digital business optimisation or transformation."More

Digital transformation and the adoption of automation technologies will be driving investments in applications, analytics, middleware, and data management software.More

The deal accelerates transformation opportunity, invests in public sector skills, drives inclusion and leverages local investment.More

Australia will see a 3.1% increase in IT spending, while NZ should expect 2.3%. This is compared to global growth of just 0.6%.More

2019 IT spending is expected to grow 2.2% in New Zealand, and 3% in Australia, far exceeding the 1.1% global average. More

Cisco, Palo Alto Networks and Fortinet, all with a strong focus on network security products, outperformed the market, recording strong double-digit growth.More

As spend continues to increase, cybersecurity only represents 2% of total IT expenditure, even as organisations increase protection against malicious threats and keep in line with data compliance regulations.More

A recent study by Zinnov shows that IoT spend reached US$201 billion in 2018 while outsourcing service providers generated $40 billion in revenue. More

Managed security services will be the largest technology category in 2019.More

Service providers account for a growing share of ICT spending, led by a surge of cloud infrastructure spending, according to IDC.More

IDC has shared its forecast for digital transformation spending in Europe, which looks to be a very profitable industry.More

“2018 is not a good year for IT spending in EMEA,” says Gartner research vice president John Lovelock.More

More than 80% of New Zealand’s nationally significant organisations don’t have a dedicated chief information security officer (CISO), a benchmark report from the GCSB and NCSC has found.More

Gartner's data reveals total global IT spending will continue to grow in 2019, with some sectors doing better than others.More

Gartner has released a new forecast of Australia and New Zealand’s information security spending power between 2018 and 2019.More

While cybersecurity has now become a critical business function, it remains a non-core competence for a significant number of boards.More

An IDC report shows that the market is on course for a growth of 3.7% this year, slightly down from last year's 4.2%.More