IT Budget stories - Page 3

Snowflake doubles AWS Marketplace sales to top USD $2 billion in 2025, underscoring surging enterprise demand for integrated data and AI tools.

AI is set to end SaaS dominance by 2026 as firms pay for domain-specific agents and governed cloud usage instead of per-seat software.

Over half of government CIOs expect IT budgets to rise in 2026, prioritising AI, cybersecurity and cloud tech despite fiscal constraints, says Gartner research.

Kaseya forecasts AI risks, job cuts, and growth opportunities as managed service providers adapt to evolving tech, cybersecurity, and sustainability demands.

Commvault launches the Cloud Unity platform, offering centralised, AI-driven data protection across multi-cloud, on-premises, and edge environments for cost efficiency.

Banks are doubling AI budgets to 17% of IT spend by 2028, but only 20% have robust real-time data governance, reveals Tech Mahindra's global survey.

Global spending on generative AI smartphones is expected to reach USD $298.2 billion by 2025, making up 20% of total AI end-user expenditures.

Hexaware and Replit launch Vibe Coding, enabling non-coders to develop secure AI-powered business software swiftly with robust enterprise governance.

Security budget growth slows to 4% in 2025, the lowest in five years, amid economic volatility and staffing challenges, says IANS Research report.

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.

New research reveals that 92% of IT leaders warn lack of employee digital readiness risks undermining $644bn Generative AI investments worldwide.

A survey reveals organisations spend 49% of cloud storage bills on fees like data access, hindering business and causing budget overruns in 2024.

A new report reveals that while 87% of executives acknowledge the need for responsible AI, 85% admit they lack proper preparation to implement it.

A Semarchy study reveals only 16% of tech and professional services firms are audit-ready for the Corporate Sustainability Reporting Directive, raising data concerns.

Improvements needed in device management, says SOTI report, despite Australia leading in IT investment for hybrid work.

Economic instability and a global pandemic have seen many businesses rapidly digitising and investing in various tech solutions.

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.

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.

Service providers account for a growing share of ICT spending, led by a surge of cloud infrastructure spending, according to IDC.

Gartner has released a new forecast of Australia and New Zealand's information security spending power between 2018 and 2019.