IT Budget stories
As backlogs continue to grow, pent-up demand bodes well for future growth as long as the economy stays healthy, and supply catches up to demand.
Asia Pacific IoT spending to grow by 9.6% in 2021, reaching $437bn by 2025, driven by location tracking and 5G deployment.
Two-thirds of logistics leaders increased their outsourcing budget this year, with 74% expecting further increases in the next two years, according to Gartner.
Software spending in Australia and New Zealand experienced double-digit growth in 1H2021, with cloud adoption leading the way, according to IDC analysts.
IT directors expect a budget increase from their employer as companies play catch-up with projects put on hold during the COVID-19 pandemic.
IT spending to reach $4.5tn in 2022, a 5.5% increase from 2021, as enterprises focus on building new technologies, according to Gartner.
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.
TBM Council forms APAC chapter, appoints Regional Advisory Board from financial and technology executives in Australia and Singapore.
Most ANZ 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.
Global IT spending is expected to reach $4.2 trillion this year, an increase of 8.6% from 2020, according to Gartner.
Organizations in 2021 are projected to spend $656bn on future of work technologies, a 17.4% increase over 2020, according to IDC.
Businesseses needed to think on their feet if they were to survive. For many, it meant cutting costs any way they could.
Global spending on information security and risk management technology will reach $150.4 billion this year, according to research from Gartner.
Software spending in Australia and New Zealand reached $13 billion in 2020, a 7% rise, according to IDC's latest report.
Globally, 73% of CFOs noted that their digital transformation (DX) investments had increased since the pandemic (72% in ANZ).
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.
New Zealand's IT spending is set to reach NZ$14.7bn in 2022, with businesses shifting towards cloud services, says Gartner.
Australian IT teams are losing control of digital infrastructure as non-IT business units take the lead in developing most of the applications that they use.
