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IT Budget Stories - Page 11

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Software spend set to grow 13.5% in 2023 - Gartner report
Software

Software spend set to grow 13.5% in 2023 - Gartner report

Worldwide banking and investment services IT spending is forecast to reach $652.1bn in 2023, with software seeing the largest growth, according to Gartner.

By Catherine Knowles • 3 min read • Wed, 21st Jun 2023
More action needed to plug critical gaps in cybersecurity
Power / Energy

More action needed to plug critical gaps in cybersecurity

Energy industry boosts cyber security spending as concerns over vulnerabilities to cyber threats rise, according to DNV research.

By Shannon Williams • 5 min read • Tue, 13th Jun 2023
Internet of Things software market evolving – report
Semiconductors

Internet of Things software market evolving – report

IoT enterprise spending reached $201 billion in 2022, lower than predicted, but AI is expected to play a bigger role, says IoT Analytics.

By Shannon Williams • 10 min read • Fri, 9th Jun 2023
APAC tech spend remains robust despite fragile economy
Supply Chain

APAC tech spend remains robust despite fragile economy

In spite of challenges including fragile post-pandemic supply chains, Asia Pacific tech spend will continue to grow by 6.8% to 7.3% per year from 2024 to 2027.

By Shannon Williams • 2 min read • Wed, 7th Jun 2023
Governments increase digital investments in response to global turmoil
Government

Governments increase digital investments in response to global turmoil

Global challenges like inflation and workforce scarcity and their local repercussions are testing the abilities of government CIOs.

By Shannon Williams • 3 min read • Thu, 25th May 2023
Increased visibility elevates data-driven decision making
Risk & Compliance

Increased visibility elevates data-driven decision making

Procurement leaders are now beginning to understand the value and importance of data for strategic decision-making.

By Chris Holmes • 4 min read • Wed, 24th May 2023
Dell APEX data storage and private cloud services expand availability
Disaster Recovery

Dell APEX data storage and private cloud services expand availability

Dell APEX expands global reach, introduces new capabilities and delivers enhancements to support demanding workloads.

By Gaurav Sharma • 4 min read • Wed, 17th May 2023
Akamai invests heavily in cloud computing following new research
EduTech

Akamai invests heavily in cloud computing following new research

Akamai survey reveals varying levels of investment in cloud computing among businesses in Asia-Pacific, but overall acknowledgement of its importance.

By Catherine Knowles • 5 min read • Wed, 12th Apr 2023
Threats surge as cybersecurity budgets are slashed
Advanced Persistent Threat Protection

Threats surge as cybersecurity budgets are slashed

In the face of economic turmoil, businesses are confronting the dual challenge of declining or stagnating cybersecurity budgets and escalating threats.

By Shannon Williams • 5 min read • Thu, 6th Apr 2023
Global IT spending in 2023 continues to trend downward
IT Budget

Global IT spending in 2023 continues to trend downward

IDC lowers its 2023 forecast for global IT spending for the fifth month in a row, as the weak economy takes its toll.

By Shannon Williams • 3 min read • Thu, 6th Apr 2023
Enterprise in APAC to increase IT security budgets
Cybersecurity

Enterprise in APAC to increase IT security budgets

The increased complexity of IT infrastructure is a main factor driving cyber security spending for companies of all sizes.

By Shannon Williams • 3 min read • Thu, 9th Feb 2023
Global IoT market size set to grow 19% in 2023 – report
Internet of Things

Global IoT market size set to grow 19% in 2023 – report

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

By Shannon Williams • 6 min read • Thu, 9th Feb 2023
Australian software spending set to increase in 2023
Supply Chain

Australian software spending set to increase in 2023

Economic instability and a global pandemic have seen many businesses rapidly digitising and investing in various tech solutions.

By Shannon Williams • 3 min read • Fri, 27th Jan 2023
Projected 2.4% increase in Global IT spending in 2023
IT Budget

Projected 2.4% increase in Global IT spending in 2023

In the latest quarterly tech spending forecast released by Gartner, it is projected that IT spending worldwide will grow 2.4% in 2023.

By Tom Raynel • 3 min read • Thu, 19th Jan 2023
Govt IT spending to hit $588.9 billion in 2023, up 6.8%
EduTech

Govt IT spending to hit $588.9 billion in 2023, up 6.8%

Government IT spending to reach $588.9bn in 2023, with increased investment in digital services and improving citizen experience, says Gartner.

By Catherine Knowles • 2 min read • Thu, 29th Dec 2022

Stories from Other Regions

IT Budget stories

Projected 5.8% increase to Australia IT spending in 2023
Supply Chain

Projected 5.8% increase to Australia IT spending in 2023

In the latest quarterly tech spending forecast released by Gartner, it is projected that IT spending in Australia will grow 5.8% in 2023.

By Tom Raynel • 2 min read • Thu, 19th Jan 2023
Why observability is key to delivering core business goals in Asia
Software Development

Why observability is key to delivering core business goals in Asia

IT spending worldwide is expected to reach $4.6 trillion in 2023, up 5.1% from 2022, despite an uncertain economic outlook for consumers and businesses.

By Peter Marelas • 5 min read • Thu, 22nd Dec 2022