Global IT spending set to hit $4.7 trillion in 2023, driven by automation
Global IT spending is projected to grow by 4.3% this year to reach $4.7 trillion, with CIOs continuing to lose the competition for IT talent, leading to a shift in spending towards technologies that enable automation and efficiency to drive growth with fewer employees. “Digital business transformations are beginning to morph,” said John-David Lovelock, Distinguished […]
Navigating recessionary budget pressures on IT departments
In today’s challenging economic landscape, budgetary pressures have become a reality across every department. None more so than IT. In spite of the promise of increased productivity and performance, advanced technologies such as AI, faster storage, and more secure data inevitably cost more and take longer to deliver than today’s budgets can afford. IT directors […]
Government CIO spending on IT predicted to grow 8% in 2023
Worldwide government IT spending is forecast to total $589.8 billion in 2023, an increase of 7.6% from 2022, with inflation and skills shortages among the top considerations fort CIOs. That’s according to research from Gartner, which says that this year they will also ensure their digital projects endure mission impact. An increasing number of government […]
Worldwide public cloud end-user spending to hit $600bn in 2023
Worldwide end-user spending on public cloud services is forecast to grow 21.7% to total $597.3 billion in 2023, up from $491 billion in 2022, according to the latest forecast from Gartner. Cloud computing is driving the next phase of digital business, as organizations pursue disruption through emerging technologies like generative artificial intelligence (AI), Web3 and […]
IT spending to hit $4.6 trillion in 2023
Worldwide IT spending is projected to total $4.6 trillion in 2023, an increase of 5.5% from 2022 – despite continued global economic turbulence, all regions worldwide are projected to have positive IT spending growth. “Macroeconomic headwinds are not slowing digital transformation,” said John-David Lovelock, Distinguished VP Analyst at Gartner. “IT spending will remain strong, even […]
The risk of IT business as usual
IT teams within mid-sized organisations are over-stretched. Resources are scarce, with sometimes skeleton teams responsible for all aspects of IT delivery across large numbers of users. With up to 90% of the team’s time being spent ‘keeping the lights on’, there is minimal scope for the strategic thinking and infrastructure optimisation that business leaders increasingly […]
Security Information & Event Management (SIEM) spend to exceed $6.4bn by 2027
A new study from Juniper Research has found that the total business spend on SIEM (Security Identity & Event Management) will exceed $6.4 billion globally by 2027, from just over $4.4 billion in 2022. It predicts that this growth of 45% will be driven by the transition from term licence (where businesses can use SIEM […]
Global IT spending to grow 3% in 2022, says Gartner
Worldwide IT spending is projected to total $4.5 trillion in 2022, an increase of 3% from 2021, according to the latest forecast by Gartner. While IT spending is expected to grow in 2022, it will be at a much slower pace than 2021 due to spending cutbacks on PCs, tablets and printers by consumers, causing […]
OPINION: Local authorities shouldn’t be daunted when moving to the cloud
Local Authorities are under intense pressure to escalate Digital Transformation strategies while also dramatically reducing IT costs, achieving public sector sustainability goals and extending citizen self-service access to key services. With stretched in-house resources and a widely acknowledged skills shortage, the existing IT team is dedicated to keeping the lights on for as long as […]
ICT investment up as R&D drops during pandemic
45% of UK firms have decreased their research and development initiatives during the covid-19 pandemic, with even 18% of firms halting theirs altogether, according to new research from Durham University Business School. However, 40% of firms have invested in their ICT, likely to be the result of firms having to facilitate working from home and […]
