IT Budget stories - Page 10

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

IT spending in Australia to grow 3.6% in 2021, with utilities, government, education and healthcare sectors leading the way, says Gartner.

Over half of Australian and New Zealand CIOs have seen increased funding for digital innovation as a result of the COVID-19 pandemic.

Investment in cybersecurity remains a priority for SMBs and enterprises despite overall IT budget cuts, according to a report by Kaspersky.

COVID-19 is causing a decline in worldwide banking and securities IT spending in 2020, but a rebound is expected in 2021, says Gartner.

Global government IT spending is predicted to reach $438bn in 2020, down 0.6% from last year, according to Gartner.

Cloud infrastructure spending reached $34.6bn in Q2 2020, as cloud-based services played a crucial role during lockdown, according to Canalys.

Australia's ICT spending is set to drop 5.9% in 2020 due to COVID-19, reversing initial growth forecasts. Hardware purchases see a notable decline.

Global IT spending is projected to decline by 7.3% in 2020 to reach $3.5 trillion, but will recover faster than the economy, says Gartner.

Cloud IT infrastructure sales increase 2.2% in Q1 2020, while non-cloud infrastructure investments plummet 16.3%, says IDC.

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

Australia's IT spending is projected to decline by 6% in 2020 due to COVID-19, equating to a reduction of approximately AUD $8.8 billion, per Gartner.

US IT buyer confidence plunges amid COVID-19, but the Asia Pacific region shows faint signs of recovery, according to IDC's latest update.

IT spending to decline 5.1% to $2.25tn this year due to COVID-19 impact, but IT infrastructure spending to grow 4%, says IDC.

CIOs must take action to protect their IT organizations' cash flow during the COVID-19 crisis, according to Gartner. Survival will be the priority.

Global IT spending is set to drop 2.7% in 2020 due to COVID-19, with industries reliant on physical presence facing the steepest declines, reports IDC.

Despite declines in tech spending due to COVID-19, IDC notes potential for increased short-term investments in cloud, AI, and IoT as firms adapt.

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.

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

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