TechDay New Zealand - Aotearoa's technology news network

Economic forecast stories

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Atturra to acquire managed IT services provider Sabervox
Thu, 7th Sep 2023
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managed services
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partner programmes
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digital economy
Headquartered in Newcastle, Sabervox specialises in providing managed IT services and cloud subscriptions to mid-sized customers in regional NSW and beyond.
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Worldwide IoT spending to surpass $1 trillion in 2026 - IDC
Wed, 21st Jun 2023
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iot
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retail
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it spending
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.
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FMI predicts 25% CAGR for data virtualization cloud market
Mon, 24th Apr 2023
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virtualisation
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hybrid cloud
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cloud services
Recent studies reveal that over a third of companies are changing their focus to hybrid cloud structures as a core component of their existing cloud strategy.
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ServiceNow tech services market size set to grow at CAGR of 17.4%
Thu, 20th Apr 2023
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it in healthcare
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servicenow
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economic forecast
The ServiceNow tech services market is set to reach US$123.2 billion by 2033, driven by demand from healthcare and media sectors, according to FMI.
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Foldable phones market to reach US$42 billion in 2027: IDC
Thu, 30th Mar 2023
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smartphones
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technology gifts
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mobile world congress
According to IDC, worldwide shipments for foldable phones will reach 48.1 million units with a market value of US$42 billion in 2027.
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Oracle Cloud EPM is a leader, says IDC 2022 MarketScape
Fri, 3rd Feb 2023
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erp
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marketscape
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idc
IDC notes comprehensive product roadmap, exceptional customer support, and a feature-rich solution as key strengths of Oracle Cloud EPM.
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Projected 2.4% increase in Global IT spending in 2023
Thu, 19th Jan 2023
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gartner
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it spending
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cios
In the latest quarterly tech spending forecast released by Gartner, it is projected that IT spending worldwide will grow 2.4% in 2023.
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Projected 5.8% increase to Australia IT spending in 2023
Thu, 19th Jan 2023
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it spending
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cios
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gartner
In the latest quarterly tech spending forecast released by Gartner, it is projected that IT spending in Australia will grow 5.8% in 2023.
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Projected 5.5% increase to New Zealand IT spending in 2023
Thu, 19th Jan 2023
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nz
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it spending
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gartner
In the latest quarterly tech spending forecast released by Gartner, it is projected that IT spending in New Zealand will grow 5.5% in 2023.
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AI platform market set to reach US$254 billion by 2032
Fri, 4th Nov 2022
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ai
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fmi
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analyst report
The global AI platform market is projected to reach $254.14 billion by 2032, growing at a CAGR of 38.2%, according to Future Market Insights.
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Gartner anticipates $117.2 billion 2022 Australian IT spend
Thu, 7th Apr 2022
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iaas
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cios
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it spending
Gartner has projected a total Australian IT spend of AU$117.2 billion in 2022 in its latest forecast, increasing by 13.1% from 2021.
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IDC spending guide shows AI spending will double by 2025
Fri, 18th Mar 2022
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ai
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idc
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spending
According to a new IDC spending guide, U.S. spending on artificial intelligence solutions will double by 2025.
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Forrester's forecast for the APAC tech market indicates a 6.2% growth in 2022
Wed, 9th Feb 2022
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cloud services
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inventory management systems
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inflation
Forrester expects vaccination rates, and the reopening of economies will produce more sustained tech market growth, on par with or higher than before COVID-19.
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NZ Govt backs new data-driven forecasting tool for agriculture sector
Fri, 7th Jan 2022
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big data
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data analytics
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bi
New Zealand Government invests $200k in new climate forecasting tool to help farmers prepare for dry conditions.
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Cloud represents billion dollar opportunity for APAC, Deloitte finds
Wed, 21st Jul 2021
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cloud services
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deloitte
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market
Asia Pacific could see a $160bn economic boost from increased investment in cloud-based technologies, according to a Deloitte report.
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The top 10 trends shaping budgeting, planning and forecasting in 2021
Fri, 5th Mar 2021
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big data
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bi
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data analytics
The core processes of budgeting, planning, and forecasting have come under pressure due to remote working, prompting a need for new approaches.
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NZ economy entering 2021 as fit as a fiddle - research
Thu, 31st Dec 2020
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economics
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cios
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economic forecast
New Zealand's economy is poised for a strong start in 2021, rebounding sharply from its COVID-induced recession. .
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COVID-19: 92% of top 25 tech companies report market capitalisation decline
Fri, 24th Apr 2020
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retail
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globaldata
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economic forecast
23 of the top 25 tech companies have reported a major quarter-on-quarter decline in market capitalisation for Q1 2020, according to new research.
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CorPlan develops forecasting tool to eliminate 'spreadsheet hell' & support stimulus modelling
Tue, 21st Apr 2020
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bi
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big data
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project management
The solution helps to move organisations away from ‘Excel Hell’ related to budgeting, forecasting, and planning.
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COVID-19: 51% of CFOs are preparing to lose up to 30% in revenue
Fri, 17th Apr 2020
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gartner
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economic forecast
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covid-19
Over half of CFOs brace for up to 30% revenue drop, Gartner finds, as COVID-19 impacts economy.
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Avoid employee underpayment woes with better planning and forecasting
Fri, 3rd Apr 2020
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retail
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board international
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budgeting
Accurately paying people for the hours they work is only part of the issue. You also need to be able to plan for the future.
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IDC: Global IT spending growth may drop as low as 1% for 2020
Thu, 12th Mar 2020
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it spending
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idc
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market research
Depending on how the economic factors around COVID-19 play out, a pessimistic scenario would see spending growth nowhere near the 4.3% expected.
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IDC lowers cloud spending forecast amidst global slowdown
Mon, 30th Sep 2019
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cloud infrastructure
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idc
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economic forecast
IDC has lowered its forecast for total cloud infrastructure spending for 2019 as the market enters a slowdown period.
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IDC: Commercial sector will lead ICT spending to $4.8 trillion in 2023
Fri, 16th Aug 2019
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it spending
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idc
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economic forecast
IDC forecasts steady ICT growth despite global economic headwinds; $4.8T spend by 2023.