IT Budget stories - Page 11

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%.

Locally, Australian tech spending is forecast to grow 2.3% to reach A$84.5 billion in 2018, with NZ to reach NZ$12 billion.

APeJ spending on mobility solutions is expected to grow 5.3% year over year in 2018, reaching more than $540.7 billion.

New Zealand businesses are predicted to reach NZD$65 billion in capital formation in 2017, and set a new record of $70 billion in 2018.

Gartner forecasts a 4.5% rise in global IT spending to USD $3.7 trillion in 2018, driven by digital business, AI opportunities, and SaaS solutions.

Gartner predicts a 4.3% surge in global IT spend, expected to hit $3.7 trillion in a digital transformation wave.

IT spending across Australia and New Zealand is forecast to exceed the global average this year, with Australian spend up 3.7% yoy and NZ up 2.7%.

​Educational institutions in Australia are loosening the purse strings in a move the IDC says is in response to 'dramatic changes' in student demands.

A whopping 85 percent of survey respondents reported being willing to increase their ICT budgets in 2017, compared to 75 percent in 2016.

A new release from Gartner has forecast worldwide IT spending to jump 2.4 percent in 2017, but some segments are set to decline.

IDC is forecasting IT spend to rebound from the second half of 2017, so what technologies are on the up - and which are dragging the market down?.

Growth in hosting and cloud services spend will outpace total IT spend growth this year, with a survey also highlighting the value of specialisation.

A global Gartner survey has made some interesting revelations, including the average IT budget amongst all IT industries - and where it should be.

Local IT spend is tracking ahead of the global average with Gartner forecasting growth across all segments - except data centre systems.

The industry analysts say while Japan is the largest market in the region, it is New Zealand that will have the highest growth rate in 2017.

Global IT spending is forecast to reach nearly $2.4 trillion USD in 2017, representing an increase of 3.5 percent over 2016.

Technologies enabling DX will drive more than 75% of Kiwi IT spend by 2019 with 50% of all infrastructure and software spend being cloud-based by 2020.

Local IT spend will continue to climb this year but while spend in some categories is increasing, others are falling. Gartner tells who wins and loses.

Organizations spending only 5.6% on IT security could still be vulnerable, says Gartner. Comparisons to average spending don't reveal enough about security.

According to IDC, SMBs will spend USD $564 billion on IT in 2016, growing to USD $668 billion by 2020, to stay competitive against larger enterprises.