Tuesday, 29 January 2019 11:58

Australia, NZ just ahead of world with tech products, services spend growth Featured

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Australia, NZ just ahead of world with tech products, services spend growth Image courtesy of Stuart Miles at FreeDigitalPhotos.net

Spending on technology products and services in Australia is forecast to reach $93.3 billion this year, an increase of 3.4% from 2018, and reach more than $97 billion in 2020, according to a newly published forecast.

And the latest report from research firm Gartner also forecasts that in New Zealand, spending on technology products and services is forecast to reach NZ$13.5 billion this year, an increase of 2.6% from 2018, and reach NZ$13.9 billion in 2020.

Worldwide Gartner projects IT spending is to total US$3.76 trillion in 2019, an increase of 3.2% from 2018.

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“Despite uncertainty fuelled by recession rumours, Brexit, and trade wars and tariffs, the likely scenario for IT spending in 2019 is growth,” said John-David Lovelock, research vice-president at Gartner.

“However, there are a lot of dynamic changes happening in regards to which segments will be driving growth in the future. Spending is moving from saturated segments such as mobile phones, PCs and on-premises data centre infrastructure to cloud services and Internet of Things devices. IoT devices, in particular, are starting to pick up the slack from devices. Where the devices segment is saturated, IoT is not.

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“IT is no longer just a platform that enables organisations to run their business on. It is becoming the engine that moves the business,” said Lovelock. “As digital business and digital business ecosystems move forward, IT will be the thing that binds the business together.”

Gartner says that with the shift to cloud, a key driver of IT spending, enterprise software will continue to exhibit strong growth, with worldwide software spending projected to grow 8.5% in 2019. It will grow another 8.2% in 2020 to total US$466 billion. Organisations are expected to increase spending on enterprise application software in 2018, with more of the budget shifting to software as a service (SaaS).

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Peter Dinham

Peter Dinham - retired in 2020. He is a veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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