Software spend in A/NZ surged last year
Software spend in A/NZ surged last year
Last year also saw public cloud deployments for software accelerate. Credit: Photo by NASA on Unsplash
Software spending across Australia and New Zealand surged by 7 per cent in 2020, year-on-year, to US$13 billion, according to the latest figures by analyst firm IDC.
Moreover, the second half of 2020 alone saw software spend ramp up by 12 per cent, year-on-year, compared to 3 per cent growth in the first half.
Breaking the software market down into category segments, spend on customer relationship management (CRM) applications grew by 13 per cent in the second half of 2020, compared to only 4 per cent growth at the beginning of 2020.
Software spending across ANZ rose 7 percent from 2019 to 2020 reaching US$13 billion, according to a new report from IDC.
The Worldwide Semiannual Software Tracker for H2 2020 showed that while spending on software only grew 3 percent year over year in the first half of last year, it sped up significantly to see 12 percent year over year growth in the second half.
“This is a strong indicator that ANZ organisations are going ahead with their digital transformation initiatives to address weak spots uncovered by the COVID-19 pandemic, building business resiliency and investing in the next normal,” said IDC ANZ senior market analyst Anastasia Antonova.
Latest Articles freerepublic.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freerepublic.com Daily Mail and Mail on Sunday newspapers.