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Software spending across ANZ rose 7 percent from 2019 to 2020 reaching US$13 billion, according to a new report from IDC.
The Worldwide Semiannual Software Tracker for H2 2020 showed that while spending on software only grew 3 percent year over year in the first half of last year, it sped up significantly to see 12 percent year over year growth in the second half.
“This is a strong indicator that ANZ organisations are going ahead with their digital transformation initiatives to address weak spots uncovered by the COVID-19 pandemic, building business resiliency and investing in the next normal,” said IDC ANZ senior market analyst Anastasia Antonova.