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 […]
‘Overwhelmed’ cyber analysts fear their organisation could already be breached
97% of cyber analysts are worried they will miss security events, with 71% admitting their organisation may have been compromised and they don’t know about it yet. That’s according to a study by Vectra AI, which details how analysts are being overwhelmed, as they receive 4,484 alerts on average per day, but can’t cope with […]
Amazon drives IaaS market to new highs
The worldwide infrastructure as a service (IaaS) market grew 29.7% in 2022, to total $120.3 billion, up from $92.8 billion in 2021, according to new data. Analysis by Gartner indicates Amazon retained the No. 1 position in the IaaS market in 2022, followed by Microsoft, Alibaba, Google and Huawei. “Cloud has been elevated from a […]
Banking and investment sector IT spending to hit $652bn this year
Worldwide banking and investment services IT spending is forecast to total $652.1 billion in 2023, an increase of 8.1% from 2022, with software experiencing the largest growth with an increase of 13.5%. “Current economic headwinds have changed the context for technology investments in banking and investment services this year,” said Debbie Buckland, Director Analyst at […]
AI and edge computing taking video surveillance in to new phase of growth
New advancements in Artificial Intelligence (AI) and edge computing for video analytics are energising the video surveillance market, with these trends driving the global installed base of cameras to 1.2 billion in 2030. “By harnessing new advancements in AI and edge computing, all areas of a business can consider surveillance cameras as intelligent Internet of […]
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 […]
Research pinpoints advanced persistent threats to businesses in Europe
A new study has revealed a ‘worrying’ lack of visibility into networks that exposes organisations to cyber risks and large-scale disruptions that can inflict substantial losses. Gatewatcher’s inaugural analysis of the pan-European, advanced persistent threat (APT) landscape draws on responses from of 300 IT decision-makers across the UK, France and Germany, highlighting the main fears […]
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 […]
Democratisation of technology among the top trends impacting providers and buyers
The top trends that will impact technology providers and buyers through 2025 will be driven by businesses increasing their reliance on technology, new opportunities emerging through technology and the impact of external macro forces. That’s according to a study from Gartner, which asserts that as the march of digitalisation continues even amidst disruption, technology providers have […]