This IDC Perspective, written for CIOs, IT executives, and line-of-business technology professionals, provides a data-driven overview of the current high-level IT spending trends. It also provides guidance on making informed budgeting decisions. This IDC Perspective focuses specifically on three spending metric categories: IT spending as a percentage of revenue, internal and external IT spend as a percentage of total technology expenditure, and capital expenditure (capex) and operating expenditure as a percentage of total technology expenditure. "With the increasing complexity of the business IT landscape, IT executives find the need to transform their IT budget processes to focus on return on investment and foster innovation," says Suya Xiong, research manager with IDC's IT Executive Programs. "Analyzing the IT spending trends at the industry sector level lays the foundation for organizations of all sizes to evaluate their IT budgeting processes and maximize the business value of IT."
Our reports have been used by over 10K customers, including:
The global technical illustration market accounted for US$ 4.17 Bn in 2018 and is expected to grow at a CAGR of 5.4% over the forecast period 2019-2027, to account for US$ 6.66 Bn in 2027. During the forecast period of 2019 to 2027, the positive growth outlook of the global manufacturing industry is expected to drive the technical illustration...
North America human resource management software market is expected to grow from US$ 6.04 Bn in 2018 to US$ 9.6 Bn by the year 2027. This represents a CAGR of 5.4% from the year 2018 to 2027. In a tight recruitment and talent market, retaining talent is one of the greatest concerns as employees are the most valuable business assets of any...
Market Overview The global cybersecurity market was valued at USD 118.78 billion in 2018, and is expected to reach USD 267.73 billion by 2024, registering a CAGR of 14.5%, during the period of 2019-2024. The rise in trend for IoT, BYOD, AI and machine learning in cybersecurity is increasing. For instance, machine learning...
The Nordic data center market is expected to grow at a CAGR of over 7% during the period 2018?2024. The availability of land to develop data centers is an active driver for the growth of the Nordic data center market. Hyperscale operators and colocation providers are establishing data centers in the Nordic region to the decrease the...
Japan was the largest SCM market in Asia-Pacific in 2018; it is expected to remain the chief revenue contributor over the next 5 years. The Web security segment is anticipated to lead the Japanese SCM market during the forecast period, while e-mail security solutions are likely to record marginally slower adoption than expected. e-mail’s slow...
This IDC study analyzes trends in the enterprise infrastructure solutions market in Sub-Saharan Africa. It examines the drivers and inhibitors of the enterprise server and storage markets and provides a forecast for the 2019-2023 period. "Businesses in Sub-Saharan Africa will increasingly seek to align their IT infrastructures with global...
The global fleet management software market accounted for US$ 15.81 Bn in 2018 and is expected to grow at a CAGR of 14.9% over the forecast period 2019-2027, to account for US$ 54.05 Bn by 2027. The operational tempo of the global commercial aviation sector continues to soar in recent years. With the increasing digitalization of cloud technology,...
ICT Investment Trends - Insurance Summary ICT Investment Trends in Insurance a Customer Insight Survey report, is one of the many products in the Digital Industry product portfolio, which provides an executive-level overview of the enterprise ICT budget trends in the sector. The report presents a...
The global application modernization tools market was valued at US$ 8.04 Bn in 2018 and is expected to reach US$ 36.86 Bn by 2027 with a CAGR growth rate of 18.7% in the forecast period from 2019 to 2027. Growing digitization and positive economic outlook are some of the major macroeconomic factors driving the growth of the application modernization...
140 pages •
By Global Industry Analysts
• Oct 2019
Complex Event Processing market worldwide is projected to grow by US$12.4 Billion, driven by a compounded growth of 30.1%. Cloud, one of the segments analyzed and sized in this study, displays the potential to grow at over 31.6%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of...
By continuing to use this site you consent to the use of cookies on your device as described in our Cookie Policy unless you have disabled them.
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.