Displaying items by tag: tech spending

The spread of the coronavirus around the world will inevitably have a significant impact on the global economy and on tech spending in China for 2020, with one analyst firm forecasting a drop of 2% for the country’s tech spending for the year.

Growth in the Asia Pacific technology market will slow to 4% in 2020 as conditions become stormy, the American market research company Forrester has predicted.

Australian firms’ “need for speed” will drive tech spending in 2019, according to one global analyst firm which projects Australia’s tech market growth to accelerate from 1% in 2018 to 2% in 2019 and 3% in 2020.

Technology spending in Australia is forecast to grow 2.3% to reach A$84.5 billion in 2018, as the latest forecasts for global technology spending have been revised upwards by 1.8% to 6.2% – or US$3.7 trillion for 2018.