Spending stories
Over half of Asia-Pacific businesses are unsure if their cybersecurity defenses can combat hackers' new strategies, according to EY.
Global IT spending is expected to reach $4.2 trillion this year, an increase of 8.6% from 2020, according to Gartner.
Smart home device shipments reached 801.5 million in 2020, set to reach 1.4 billion by 2025, says a study by the International Data Corporation.
Despite organisations cutting spending in many areas during 2020 due to the impact of COVID-19, security remains a consistent area of increased investment.
The brunt of security spending is still first and foremost focused on IT networks, systems, and data security from a defensive perspective.
Global IT spending set to reach $3.9tn in 2021, growing by 6.2% YoY, a significant improvement after last year's decline due to COVID-19, says Gartner.
The revenue growth is driven by the rise in enterprises' need to organise, categorise and structure content in a meaningful manner.
Australian data center infrastructure spending to grow at 6.5% in 2021, according to Gartner, despite decline in 2020 due to COVID-19.
More corporate and sensitive data will be stored in the cloud than out of it, says Thales Asia-Pacific Data Threat Report.
Cloud infrastructure spending reached $34.6bn in Q2 2020, as cloud-based services played a crucial role during lockdown, according to Canalys.
The sector will see its revenues grow from US$243 billion in 2019 to $258 billion this year, according to new research from Gartner.
US IT buyer confidence plunges amid COVID-19, but the Asia Pacific region shows faint signs of recovery, according to IDC's latest update.
Despite declines in tech spending due to COVID-19, IDC notes potential for increased short-term investments in cloud, AI, and IoT as firms adapt.
ANZ's spending on security services is set to surge, with the Asia-Pacific MSS market projected to hit USD $20.2 billion by year-end, says GlobalData.
Global spending on security products and services is predicted to hit $151.2bn by 2023, growing by 57% since 2018, according to a report by PreciseSecurity.com.
New IDC forecast expects the Internet of Things spending in Asia/Pacific excluding Japan to reach US$381.8 Billion by 2022.
Global spending on smart cities will soar to USD $95.8 billion in 2019, with major investments from Singapore, New York City, Tokyo, and London.
Asia/Pacific (excluding Japan) spending on blockchain solutions to reach US$2.1 billion in 2022, according to the latest IDC report.
Visa has released a report showing that tourist spend in NZ is growing and they want to use contactless payment systems.
Australian organisations to spend over A$4.9bn on enterprise information security in 2021, an 8% increase from last year, says Gartner.
