Monday, 02 November 2020 05:59

IT spending across Australian industry seen growing by 3.6% in 2021 Featured

By
IT spending across Australian industry seen growing by 3.6% in 2021 Image by Annick Vanblaere from Pixabay

IT spending across all industry sectors in Australia will grow by 3.6% to reach $95.8 billion in 2021, the technology analyst firm Gartner says, adding that this follows an expected 2.8% decline in 2020.

The latest forecast was made at the Gartner IT Symposium/Xpo APAC last week, where analysts made presentations about industries including banking, utilities, education, government, insurance and manufacturing.

The company said while all sectors were feeling the economic impact of the coronavirus pandemic, utilities, government, education and healthcare had proven to be the most resilient when it came to tech spending in Australia this year.

The three industry sectors hit the most had been transportation, manufacturing and natural resources.

Kristian Steenstrup, distinguished research vice-president, explained that the COVID-19 response in the resources and manufacturing industry differed from other industries because it was not always physically possible to shut down a site.

gartner australian it spend 2021

“These companies are in the top three sectors for technology spending in Australia, but as they are designed for continuous operation they simply can’t respond to external factors as quickly as a retailer, for example,” he said.

“The physical nature of asset intensive industries makes it harder for employees to work from home. Looking ahead, we’re seeing strong interest from CIO clients in technologies such as proximity tracking to enable fast response to outbreaks and in the longer-term remote monitoring and control of equipment.

"Analytics, artificial intelligence and the Internet of Things will also attract investment next year."

The company pointed out that some airlines had grounded 95% of their fleet due to the government curbs on international travel. This had affected the transportation sector badly and it had had to cut back on IT spending by 15.5% in 2020.

IT spending on education was expected to grow by 8.6% to more than $3.1 billion next year because of increased purchases of laptops, tablets, communication and collaboration technologies to support online learning.

"In addition to learner investment needs, education institutions are also investing in COVID-19 testing and contact tracing. Many research institutions as well as public health schools are contributing to COVID-19 related research and development worldwide," Gartner said.

IT spending on healthcare in Australia was forecast to grow by 8.2% in 2021. "The healthcare provider industry will continue to optimise its spending on legacy technology, prepare the organisation for digital transformation and accelerate investment in key technologies that enable data-driven decision making," the firm said.

"COVID-19 has catalysed the adoption of IoT technologies (like virtual care and remote patient monitoring) and further spurred the already growing interest in BI/analytics and AI projects."


Subscribe to ITWIRE UPDATE Newsletter here

GRAND OPENING OF THE ITWIRE SHOP

The much awaited iTWire Shop is now open to our readers.

Visit the iTWire Shop, a leading destination for stylish accessories, gear & gadgets, lifestyle products and everyday portable office essentials, drones, zoom lenses for smartphones, software and online training.

PLUS Big Brands include: Apple, Lenovo, LG, Samsung, Sennheiser and many more.

Products available for any country.

We hope you enjoy and find value in the much anticipated iTWire Shop.

ENTER THE SHOP NOW!

INTRODUCING ITWIRE TV

iTWire TV offers a unique value to the Tech Sector by providing a range of video interviews, news, views and reviews, and also provides the opportunity for vendors to promote your company and your marketing messages.

We work with you to develop the message and conduct the interview or product review in a safe and collaborative way. Unlike other Tech YouTube channels, we create a story around your message and post that on the homepage of ITWire, linking to your message.

In addition, your interview post message can be displayed in up to 7 different post displays on our the iTWire.com site to drive traffic and readers to your video content and downloads. This can be a significant Lead Generation opportunity for your business.

We also provide 3 videos in one recording/sitting if you require so that you have a series of videos to promote to your customers. Your sales team can add your emails to sales collateral and to the footer of their sales and marketing emails.

See the latest in Tech News, Views, Interviews, Reviews, Product Promos and Events. Plus funny videos from our readers and customers.

SEE WHAT'S ON ITWIRE TV NOW!

BACK TO HOME PAGE
Sam Varghese

Web Analytics

Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

Share News tips for the iTWire Journalists? Your tip will be anonymous

WEBINARS ONLINE & ON-DEMAND

GUEST ARTICLES

VENDOR NEWS

Guest Opinion

Guest Interviews

Guest Reviews

Guest Research

Guest Research & Case Studies

Channel News

Comments