Economic forecast stories
Atturra to acquire managed IT services provider Sabervox
Headquartered in Newcastle, Sabervox specialises in providing managed IT services and cloud subscriptions to mid-sized customers in regional NSW and beyond.
Worldwide IoT spending to surpass $1 trillion in 2026 - IDC
Investments in the IoT ecosystem are expected to surpass $1 trillion in 2026 with a CAGR of 10.4% over the 2023-2027 forecast period, the analysts find.
FMI predicts 25% CAGR for data virtualization cloud market
Recent studies reveal that over a third of companies are changing their focus to hybrid cloud structures as a core component of their existing cloud strategy.
ServiceNow tech services market size set to grow at CAGR of 17.4%
The ServiceNow tech services market is set to reach US$123.2 billion by 2033, driven by demand from healthcare and media sectors, according to FMI.
Foldable phones market to reach US$42 billion in 2027: IDC
According to IDC, worldwide shipments for foldable phones will reach 48.1 million units with a market value of US$42 billion in 2027.
Oracle Cloud EPM is a leader, says IDC 2022 MarketScape
IDC notes comprehensive product roadmap, exceptional customer support, and a feature-rich solution as key strengths of Oracle Cloud EPM.
Projected 2.4% increase in Global IT spending in 2023
In the latest quarterly tech spending forecast released by Gartner, it is projected that IT spending worldwide will grow 2.4% in 2023.
Projected 5.8% increase to Australia IT spending in 2023
In the latest quarterly tech spending forecast released by Gartner, it is projected that IT spending in Australia will grow 5.8% in 2023.
Projected 5.5% increase to New Zealand IT spending in 2023
In the latest quarterly tech spending forecast released by Gartner, it is projected that IT spending in New Zealand will grow 5.5% in 2023.
AI platform market set to reach US$254 billion by 2032
The global AI platform market is projected to reach $254.14 billion by 2032, growing at a CAGR of 38.2%, according to Future Market Insights.
Gartner anticipates $117.2 billion 2022 Australian IT spend
Gartner has projected a total Australian IT spend of AU$117.2 billion in 2022 in its latest forecast, increasing by 13.1% from 2021.
IDC spending guide shows AI spending will double by 2025
According to a new IDC spending guide, U.S. spending on artificial intelligence solutions will double by 2025.
Forrester's forecast for the APAC tech market indicates a 6.2% growth in 2022
Forrester expects vaccination rates, and the reopening of economies will produce more sustained tech market growth, on par with or higher than before COVID-19.
NZ Govt backs new data-driven forecasting tool for agriculture sector
New Zealand Government invests $200k in new climate forecasting tool to help farmers prepare for dry conditions.
Cloud represents billion dollar opportunity for APAC, Deloitte finds
Asia Pacific could see a $160bn economic boost from increased investment in cloud-based technologies, according to a Deloitte report.
The top 10 trends shaping budgeting, planning and forecasting in 2021
The core processes of budgeting, planning, and forecasting have come under pressure due to remote working, prompting a need for new approaches.
NZ economy entering 2021 as fit as a fiddle - research
New Zealand's economy is poised for a strong start in 2021, rebounding sharply from its COVID-induced recession. .
COVID-19: 92% of top 25 tech companies report market capitalisation decline
23 of the top 25 tech companies have reported a major quarter-on-quarter decline in market capitalisation for Q1 2020, according to new research.
CorPlan develops forecasting tool to eliminate 'spreadsheet hell' & support stimulus modelling
The solution helps to move organisations away from ‘Excel Hell’ related to budgeting, forecasting, and planning.
COVID-19: 51% of CFOs are preparing to lose up to 30% in revenue
Over half of CFOs brace for up to 30% revenue drop, Gartner finds, as COVID-19 impacts economy.
Avoid employee underpayment woes with better planning and forecasting
Accurately paying people for the hours they work is only part of the issue. You also need to be able to plan for the future.
IDC: Global IT spending growth may drop as low as 1% for 2020
Depending on how the economic factors around COVID-19 play out, a pessimistic scenario would see spending growth nowhere near the 4.3% expected.
IDC lowers cloud spending forecast amidst global slowdown
IDC has lowered its forecast for total cloud infrastructure spending for 2019 as the market enters a slowdown period.
IDC: Commercial sector will lead ICT spending to $4.8 trillion in 2023
IDC forecasts steady ICT growth despite global economic headwinds; $4.8T spend by 2023.