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Kiwi IT spend to hit $12.8 billion this year
Last year, local spend shrank by 1.6 per cent, year-on-year. Credit: Dreamstime
Industry analyst firm Gartner reckons IT spending in New Zealand will hit $12.8 billion in 2021, representing a 2.7 per cent year-on-year increase and a turnaround from last year’s contraction in spending.
Last year, local spend shrank by 1.6 per cent, year-on-year, according to Gartner’s data. As well as a return to growth, this represents an increase over pre-pandemic levels, which stood at $12.7 billion in 2019.
INDIA New England News
Mumbai–IT spending in India is projected to total $93 billion in 2021, an increase of 7.3 per cent from 2020, according to a forecast by Gartner on Wednesday.
The growth in India will be lower than the global average, as worldwide IT spending is projected to total $4.1 trillion in 2021, an increase of 8.4 per cent from 2020.
“IT no longer just supports corporate operations as it traditionally has, but is fully participating in business value delivery,” John-David Lovelock, Distinguished Research Vice President at Gartner, said in a statement.
“Not only does this shift IT from a back-office role to the front of business, but it also changes the source of funding from an overhead expense that is maintained, monitored and sometimes cut, to the thing that drives revenue.”
According to new forecast data from Gartner, Australian IT spending is set to grow 4.1 percent to $98.3 billion this year.
This is not only a return to growth after a 1.1 percent dip in 2020, but surpasses the pre-pandemic 2019 spend of $95.5 billion.
This growth is set to be across all spending segments, with the highest coming from devices at 9 percent, and enterprise software at 7.3 percent as, according to Gartner, organisations shift their focus to providing a more comfortable, innovative and productive environment for their workforce.
“Last year, IT spending took the form of a ‘knee jerk’ reaction to enable a remote workforce in a matter of weeks. As hybrid work takes hold, CIOs will focus on spending that enables innovation, not just task completion,” said distinguished research vice president John-David Lovelock.
Devices are expected to be the biggest growth segment. By Denham Sadler on Apr 08 2021 12:36 PM Print article
Spending on tech is expected to increase by 4.1 per cent in Australia this year. Photo: Shutterstock
Tech spending across the board in Australia is expected to skyrocket this year following a decline in 2020 and “knee-jerk” purchasing due to COVID-19, and will likely exceed pre-pandemic levels too, according to a new Gartner report.
The Gartner global IT spend forecast for 2021 found that global spending on IT is expected to exceed $US4 trillion this year, an increase of more than 8 per cent from 2020.
In Australia, IT spending is predicted to grow by 4.1 per cent to $98.3 billion in 2021.
Global IT spending expected to rise 8 4% to $4 1T this year foxbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foxbusiness.com Daily Mail and Mail on Sunday newspapers.