Spending is set to total $88.8 billion in 2019, an increase of 1.1 per cent year-over-year compared to 3.5 per cent growth in 2018, according to a report from Connecticut-based research firm Gartner. Spending in 2020 is projected to hit $91.2 billion in 2020, a 2.8 per cent increase. (The Logic)
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Spending is set to total $88.8 billion in 2019, an increase of 1.1 per cent year-over-year compared to 3.5 per cent growth in 2018, according to a report from Connecticut-based research firm Gartner. Spending in 2020 is projected to hit $91.2 billion in 2020, a 2.8 per cent increase. (The Logic)
Talking point: Despite the overall slowdown, there are some areas of increased spending, like on artificial intelligence. Canadian companies are also spending more on cloud services, in a shift away from in-house data centres. At the moment, Canadian firms are only behind U.S. companies when it comes to cloud adoption. A lot of the decrease is coming from slowing enterprise software sales (up 15 per cent in 2018, forecasted to grow 6.5 per cent in 2019), which isn’t great news for the many Canadian startups seeking to crack that market.
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