Australian IT spending forecasts for 2016 have been revised upwards from $79.9 billion to $83.3 billion by analyst firm Gartner due to currency fluctuations, demonstrating the strength of growth in the market compared to the continuing flat spending forecast globally.
Australia and New Zealand standout in a positive light as worldwide IT spending is forecast to total $3.54 trillion dollars in 2016, just a 0.6% increase over spending of $3.52 trillion dollars in 2015.
Australia is bucking the global trend in declining public sector spending on IT and technology products, with federal, state and local governments here forecast to grow by 5.8% to $10.8 billion by the end of this year, and to almost $12 billion by 2019.
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