Economic forecast stories

The global digital economy is forecast to surge 9.5% in 2026 to USD $28 trillion, triple the pace of overall worldwide economic growth.

GPC Asia Pacific chooses RELEX Solutions to optimise forecasting and replenishment across 600 stores, aiming to improve inventory and product availability.

IBM has been recognised as a Leader in the 2024 Gartner Magic Quadrant for Cloud Financial Management Tools for its IBM Cloudability product.

Headquartered in Newcastle, Sabervox specialises in providing managed IT services and cloud subscriptions to mid-sized customers in regional NSW and beyond.

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.

Recent studies reveal that over a third of companies are changing their focus to hybrid cloud structures as a core component of their existing cloud strategy.

The ServiceNow tech services market is set to reach US$123.2 billion by 2033, driven by demand from healthcare and media sectors, according to FMI.

According to IDC, worldwide shipments for foldable phones will reach 48.1 million units with a market value of US$42 billion in 2027.

IDC notes comprehensive product roadmap, exceptional customer support, and a feature-rich solution as key strengths of Oracle Cloud EPM.

In the latest quarterly tech spending forecast released by Gartner, it is projected that IT spending in New Zealand will grow 5.5% in 2023.

The global AI platform market is projected to reach $254.14 billion by 2032, growing at a CAGR of 38.2%, according to Future Market Insights.

According to a new IDC spending guide, U.S. spending on artificial intelligence solutions will double by 2025.

Forrester expects vaccination rates, and the reopening of economies will produce more sustained tech market growth, on par with or higher than before COVID-19.

New Zealand Government invests $200k in new climate forecasting tool to help farmers prepare for dry conditions.

Asia Pacific could see a $160bn economic boost from increased investment in cloud-based technologies, according to a Deloitte report.

The core processes of budgeting, planning, and forecasting have come under pressure due to remote working, prompting a need for new approaches.

New Zealand's economy is poised for a strong start in 2021, rebounding sharply from its COVID-induced recession. .

23 of the top 25 tech companies have reported a major quarter-on-quarter decline in market capitalisation for Q1 2020, according to new research.

The solution helps to move organisations away from 'Excel Hell' related to budgeting, forecasting, and planning.

Over half of CFOs brace for a revenue drop up to 30% this year due to the COVID-19 downturn, a Gartner survey reveals.