Gartner forecasts a slight uptick in IT spending for the region next year, but warns Brexit uncertainty will contribute to growth slowdown.
Local banks are setting an example for other South African companies looking to outperform the country's economy and their peers, says Gartner.
Businesses will continue to invest in IT as they anticipate revenue growth, but their spending patterns will shift.
The biggest driver of growth in spending is the enterprise software segment, says Gartner.
IT spending in MEA is expected to top $110?billion for the year, despite challenging economic conditions, says IDC.
Worldwide IT spending could become one of the casualties of global economic uncertainty this year, says Gartner.
The networking giant's shares rose 10% yesterday, bucking the overall market after it set a profit target in line with expectations.
Currency fluctuations mean that, in dollar terms, spending will only gain 2% this year.
The worldwide telecoms services sector continues to be the largest IT spending market, says Gartner.
The trend is being driven by the maturation and growth of competition in the market, says Dimension Data.
The storage sector will be hardest hit this year, due to the Thailand floods.
More than R26 million not spent on IT last year has been rolled over to the current financial period.