Displaying items by tag: Spending

Personal services businesses, such as hairdressers and beauty salons, in Victoria welcomed a 481 per cent increase in sales in their first weekend post-lockdown compared with the previous weekend, according to Commonwealth Bank merchant terminal data.

A growing number of Australian enterprises have made the switch and, for the rest, it’s only a matter of time.

GUEST OPINION by Claudia Pirko, ANZ Regional Vice President, BlackLine:  Has your business moved some or all of its core software applications to the cloud? For a growing number of local organisations, the answer is a resounding ‘yes’.

RESEARCH: Gartner forecasts Australian spending on public cloud services to reach A$13.8 billion in 2021 and grow 23.4% to A$16.7 billion in 2022.

GUEST OPINION by Simon Howe, Vice President Sales Asia Pacific, LogRhythm: As businesses come to terms with the reality of operating amid the legacy of COVID-19, many are realising their old approach to IT security is no longer up to the task.

Spending on Regtech systems that enable banks and other heavily regulated sectors to meet their compliance burdens, will exceed US$130 billion in 2025, from US$33 billion in 2020, according to new report.

Artificial intelligence for IT operations (AIOps) will become mainstream in 2021, going from theory to practice for many organisations, according to a new enterprise predictions report by Juniper Networks.

The Salvation Army Australia has deployed technology from global software and spend management company Coupa to help manage its resources cost-effectively and for greater effect in undertaking its humanitarian work.

This year alone, Australians spent approximately $5.6 billion on cyber security from both local and international providers, with spending expected to increase to $7.6 billion by 2024, according to a new report.

Mobile financial services to help customers transact instantly are seeing greater demand and rollout amongst Australian financial institutions during the pandemic, although the institutions are slow to adopt next-gen digital offerings such as fraud alerts (21%) and voice-activated fund transfers (15%), according to a new report.

Australian data centre infrastructure spending is forecast to return to growth of 6.5% in 2021, despite an estimated decline of 10.4% for this year due to restricted cash flow during the pandemic.

The global telecom software and services market in 2019 grew about 1% to US$66.9 billion, with Nokia again ranked as the top service provider by market share with approximatelly US$4. billion, according to the rankings by research firm Analysys Mason in its latest annual report.

Communications and collaboration software market spending in Australia is forecast to grow 20% year-on-year in 2020 amidst the COVID-19 crisis, bucking the trend of a decline in spending on most of the country’s ICT solutions.

Despite COVID-19 resulting in revenue pressures from slowing sales and consumer demand for new products, many major telecoms carriers say they still have the cash flow to move ahead with 5G deployments, according to one global data and analytics firm.

The worldwide cloud infrastructure services market reached a record high in the fourth quarter of 2019, with spending on services growing 37% to over US$30 billion, according to a new report from analyst firm Canalyst.

Global spending on point of sale (POS) software by retail and restaurant businesses is forecast to grow to US$1.7 billion in 2024, up from US$1.1 billion in 2019, according to a new report.

Australian digital bank UBank is partnering with fintech startup Basiq, leveraging machine learning to give customers a "more complete picture" of their finances.

Cloud infrastructure services spending in China increased 60.8% to reach US$2.9 billion in Q3 2019, according to a newly published report by research analyst firm Canalys.

Global spending on digital commerce will reach US$18.7 trillion by 2024, up from $11.2 trillion in 2019 - an increase of 66% over the forecast period, according to a new report.

Global spending on regulatory technology (regtech) is forecast to exceed US$127 billion by 2024, up from US$25 billion in 2019.

The total global transaction value of online payments for digital and physical goods will exceed US$6 trillion by 2024 – a growth of 53% from 2019, according to a new research report.