John-David Lovelock stories

Australia’s IT spending is poised to hit AUD $147 billion in 2025, up 8.7% from 2024, with cybersecurity, GenAI, and cloud investments driving the increase.

Global IT spending is forecasted to rise by 6.8% in 2024, reaching a $5 trillion value, driven by traditional engines of profitability and labour.

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

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.

Despite economic headwinds, IT spending in Australia and New Zealand is forecast to grow 6% next year as organisations push ahead with digital initiatives.

Gartner’s latest report forecasts worldwide IT spending to reach US$4.5 trillion in 2022, an increase of 3% compared to 2021.

Gartner has projected a total Australian IT spend of AU$117.2 billion in 2022 in its latest forecast, increasing by 13.1% from 2021.

Tech spending in Australia set to surge in 2022, with overall spending forecast to grow 6.3% to reach A$111bn, according to Gartner.

New Zealand's IT spending is set to reach NZ$14.7bn in 2022, with businesses shifting towards cloud services, says Gartner.

Global IT spending is projected to decline by 7.3% in 2020 to reach $3.5 trillion, but will recover faster than the economy, says Gartner.

Australia's IT spending is projected to decline by 6% in 2020 due to COVID-19, equating to a reduction of approximately AUD $8.8 billion, per Gartner.

Global IT spending is set to exceed $4 trillion in 2021 as businesses invest in IT amid economic and political stability, says Gartner.