IT Budget stories - Page 10

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%.

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

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

Despite soaring to USD $37 billion in 2018, cybersecurity spend only constitutes 2% of total IT investments, Canalys reports.

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

Global security spending is set to hit USD $103.1 billion in 2019, up 9.4% from 2017, driven by industries like banking and government, says IDC.

New IDC forecast expects the Internet of Things spending in Asia/Pacific excluding Japan to reach US$381.8 Billion by 2022.

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

The trade war, among other factors, is set to negatively impact global ICT spending but the market will still experience positive growth.

Security professionals feel like they are perceived as 'policemen', and 13% say they experience negativity from colleagues all the time.

Global spending on smart cities will soar to USD $95.8 billion in 2019, with major investments from Singapore, New York City, Tokyo, and London.

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

A GCSB report reveals that over 80% of major NZ firms lack a CISO, with significant gaps in human investment affecting overall cyber resilience.

The role of the CIO will remain crucial in the era of digital business, according to Gartner's annual survey of CIOs.

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

With digital transformation rife, IT departments around the globe are being forced to do more with the same resources.

Growth in enterprise IT spending on cloud-based offerings will be faster than growth in traditional, non-cloud IT offerings.

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

Global spending on 3D printing will hit USD $23 billion in 2022, driven by growing demand from new industries, predicts IDC's latest report.

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