IT Budget stories - Page 4
Security budgets see slowest growth in five years, report finds
Thu, 7th Aug 2025
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advanced persistent threat protection
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it budget
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inflation
Security budget growth slows to 4% in 2025, the lowest in five years, amid economic volatility and staffing challenges, says IANS Research report.
Growing AI spend challenges firms as ROI confidence lags
Fri, 23rd May 2025
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ai
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cybersecurity
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it budget
CloudZero reveals AI spending in software firms is rising sharply, with budgets set to increase 36% in 2025 amid challenges in evaluating ROI and hiring talent.
Lack of employee skills threatens value of AI investments
Mon, 28th Apr 2025
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edutech
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digital transformation
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hcm
New research reveals that 92% of IT leaders warn lack of employee digital readiness risks undermining $644bn Generative AI investments worldwide.
Cloud storage fees hit nearly half of bills, survey reveals
Mon, 24th Feb 2025
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storage
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data analytics
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encryption
A survey reveals organisations spend 49% of cloud storage bills on fees like data access, hindering business and causing budget overruns in 2024.
Enterprises urged to enhance investment in responsible AI
Thu, 13th Feb 2025
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genai
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data privacy
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ai
A new report reveals that while 87% of executives acknowledge the need for responsible AI, 85% admit they lack proper preparation to implement it.
Tech firms lag in CSRD audit readiness, says Semarchy survey
Thu, 6th Feb 2025
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partner programmes
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it budget
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data management
A Semarchy study reveals only 16% of tech and professional services firms are audit-ready for the Corporate Sustainability Reporting Directive, raising data concerns.
Vectra AI launches global scholarship for cybersecurity skills
Wed, 15th Jan 2025
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advanced persistent threat protection
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ai security
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ai
Vectra AI has launched the Vectra AI Scholars Programme to tackle the cybersecurity skills shortage, inviting students globally to innovate using AI against cyber threats.
Worldwide IoT spending to surpass $1 trillion in 2026 - IDC
Wed, 21st Jun 2023
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iot
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supply chain
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it budget
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.
Global IoT market size set to grow 19% in 2023 – report
Thu, 9th Feb 2023
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iot
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iiot
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supply chain
The global Internet of Things market is set to grow 19% in 2023, according to the latest IoT Enterprise Spending Dashboard and Tracker.
$20m boost for digital technologies announced
Mon, 16th May 2022
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saas
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ict
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it budget
The government is spending an extra $20m over four years on its plan to transform the digital technologies industry.
Strong close to 2021 as cloud infrastructure spend reaches $21 billion
Mon, 4th Apr 2022
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supply chain
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cloud services
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it budget
As backlogs continue to grow, pent-up demand bodes well for future growth as long as the economy stays healthy, and supply catches up to demand.
Cloud infrastructure spending drops - report
Tue, 5th Oct 2021
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datacentre infrastructure
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it budget
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analyst report
The decrease comes after six quarters of year-over-year growth, and most notably compares to the 39.1% annual growth seen by the market in 2Q20.
IT spending impacted by Coronavirus and declining PC sales, IDC finds
Thu, 13th Feb 2020
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datacentre infrastructure
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customers
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it budget
IT spending to increase in 2020, but PC sales and Coronavirus disruption will impact overall growth, says IDC Black Books.
IDC: Commercial sector will lead ICT spending to $4.8 trillion in 2023
Fri, 16th Aug 2019
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notebook
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it budget
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economic forecast
Despite global uncertainty and trade wars, IDC forecasts ICT spending to hit USD $4.8 trillion by 2023, led by the commercial sector with a 5.1% CAGR.
Network security providers dominate cybersecurity - Canalys
Tue, 9th Apr 2019
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endpoint protection
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email security
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edr
Cisco, Palo Alto Networks and Fortinet, all with a strong focus on network security products, outperformed the market, recording strong double-digit growth.
Worldwide spending on security to reach $103.1bil in 2019 - IDC
Thu, 21st Mar 2019
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firewalls
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network infrastructure
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endpoint protection
Global security spending is set to hit USD $103.1 billion in 2019, up 9.4% from 2017, driven by industries like banking and government, says IDC.
IDC: Growth in ICT spend driven by cloud infrastructure
Tue, 12th Feb 2019
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datacentre infrastructure
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hyperscale
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supply chain
Service providers account for a growing share of ICT spending, led by a surge of cloud infrastructure spending, according to IDC.
US-China trade war a 'double-edged sword' for ICT spending
Tue, 5th Feb 2019
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digital transformation
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ai
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healthtech
The trade war, among other factors, is set to negatively impact global ICT spending but the market will still experience positive growth.
Digital transformation in Europe a €333b business
Thu, 6th Dec 2018
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digital transformation
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iot
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iaas
IDC has shared its forecast for digital transformation spending in Europe, which looks to be a very profitable industry.
Growing spend on data centre systems could be short-lived
Thu, 18th Oct 2018
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saas
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datacentre infrastructure
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hyperscale
Gartner's data reveals total global IT spending will continue to grow in 2019, with some sectors doing better than others.