London, 28 January 2015: TechNavio, the independent tech-focused global research firm, has published a report on the IT Market in ANZ 2015-2019, which is expected to grow at a CAGR of 5.08 percent during the forecast period of 2014-2019.
The IT market in ANZ has observed rapid growth because of the emergence of new technologies, and the entry of new business organizations. IT helps businesses develop a secure environment, maintain a uniform flow of information, and build an economical and long-term cost structure. Economic optimism has prompted organizations in ANZ to invest in IT to further develop the IT infrastructure in the country.
Also, The IT market in ANZ is experiencing a digital transformation driven by rapid technological innovation. Increased government initiatives, favorable trade policies, and the alignment of geographical time zones are some of the factors that help ANZ to offer real-time IT services worldwide.
“Recently, many business enterprises have started to use cloud services and several SMEs are also increasingly adopting cloud services because of its proven benefits,” says Faisal Ghaus, Vice President of TechNavio.
“The Manufacturing, Telecom, BFSI, and Public sectors have increasingly spent on IT, which is contributing to the growth of the IT market in ANZ.”
Key Market Drivers
- Increased IT Initiatives by Government
- Growing Number of Internet Users
- Reduced Entry Barriers in NZ
- Emerging Consumer Technology in Australia
- Need to Improve Efficiency and Product Innovation
Key Market Trends
- Increased Adoption of Cloud Computing
- Increased IT Spending
- High Adoption of Virtualization
- Change in Workforce Environment
Key Market Vendors
- Amazon Web Services Inc.
- Google Inc.
- HP Corp.
- IBM Corp.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
