Spending stories
Despite organisations cutting spending in many areas during 2020 due to the impact of COVID-19, security remains a consistent area of increased investment.
The brunt of security spending is still first and foremost focused on IT networks, systems, and data security from a defensive perspective.
Global IT spending set to reach $3.9tn in 2021, growing by 6.2% YoY, a significant improvement after last year's decline due to COVID-19, says Gartner.
The revenue growth is driven by the rise in enterprises' need to organise, categorise and structure content in a meaningful manner.
Australian data center infrastructure spending to grow at 6.5% in 2021, according to Gartner, despite decline in 2020 due to COVID-19.
More corporate and sensitive data will be stored in the cloud than out of it, says Thales Asia-Pacific Data Threat Report.
Cloud infrastructure spending reached $34.6bn in Q2 2020, as cloud-based services played a crucial role during lockdown, according to Canalys.
The sector will see its revenues grow from US$243 billion in 2019 to $258 billion this year, according to new research from 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.
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.
ANZ's spending on security services is set to surge, with the Asia-Pacific MSS market projected to hit USD $20.2 billion by year-end, says GlobalData.
Global spending on security products and services is predicted to hit $151.2bn by 2023, growing by 57% since 2018, according to a report by PreciseSecurity.com.
New IDC forecast expects the Internet of Things spending in Asia/Pacific excluding Japan to reach US$381.8 Billion by 2022.
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.
Asia/Pacific (excluding Japan) spending on blockchain solutions to reach US$2.1 billion in 2022, according to the latest IDC report.
Visa has released a report showing that tourist spend in NZ is growing and they want to use contactless payment systems.
The findings come from the Analyst's worldwide IoT spending guide, which forecasts IoT spending for 14 technologies across 20 vertical industries.
Hyperscale operators' Q1 capex soared to USD $27 billion, driven by immense outlays from Google, Microsoft, Amazon, Apple, and Facebook, says Synergy Research.
Worldwide spending on telecommunications services and pay TV services reached $1.6 billion in 2017, an increase of 1.4% year over year.
Australian organisations to spend over A$4.9bn on enterprise information security in 2021, an 8% increase from last year, says Gartner.
