IT Budget stories - Page 4

A Semarchy study reveals only 16% of tech and professional services firms are audit-ready for the Corporate Sustainability Reporting Directive, raising data concerns.

Vectra AI has launched the Vectra AI Scholars Programme to tackle the cybersecurity skills shortage, inviting students globally to innovate using AI against cyber threats.

Investments in the IoT ecosystem are expected to surpass $1 trillion in 2026 with a CAGR of 10.4% over the 2023-2027 forecast period, the analysts find.

The global Internet of Things market is set to grow 19% in 2023, according to the latest IoT Enterprise Spending Dashboard and Tracker.

The government is spending an extra $20m over four years on its plan to transform the digital technologies industry.

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.

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.

IT spending to increase in 2020, but PC sales and Coronavirus disruption will impact overall growth, says IDC Black Books.

Despite global uncertainty and trade wars, IDC forecasts ICT spending to hit USD $4.8 trillion by 2023, led by the commercial sector with a 5.1% CAGR.

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

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.

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.

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

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

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.

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.

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?.

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.