Australia's technology spending set to increase
03 Jul 14
According to research organisation Gartner, Australia's technology spending is set to top $76 billion by the end of this year - marking an increase of 2.3 per cent.
IT spending across the Asia-Pacific region is also expected to set new records, reaching US $746 billion in 2014 that is up 3 per cent on 2013.
With the rise of cloud computing and infrastructure upgrades to newer technologies, Australia's IT industry is in much better health than the rest of the world.
Worldwide spending is still expected to grow 2.1 per cent to US $3.7 trillion this year, but falls short of previous predictions that indicated a 3.2 per cent increase.
Richard Gordon, managing vice president at Gartner, said the less-than-expected figures are the result of smaller growth expectations for devices, data centres and other IT services.
"Price pressure based on increased competition, lack of product differentiation and the increased availability of viable alternative solutions has had a dampening effect on the short term IT spending outlook," he said.
"However, 2015 through 2018 will see a return to 'normal' spending growth levels as pricing and purchasing styles reach a new equilibrium."
Big Data expansion and digitalisation markets will see the most growth by sector for the rest of the year. Enterprise software spending should top $321 billion which is an increase of 6.9 per cent year-on-year.
"IT is entering its third phase of development, moving from a focus on technology and processes in the past to a focus in the future on new business models enabled by digitalisation," Mr Gordon explained.
For businesses looking to digitalise their important data and information, Mercury IT can assist tailored infrastructure and development towards the specifications of their enterprise.
As the service is managed completely, business executives can have peace of mind that their data is always secure.
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