Australia Pharmaceuticals & Healthcare Q1 2019
Growth in IT spending in Australia will be driven by enterprise investments in software and services solutions over2019-2022. The main impetus will be demand for solutions utilising cloud and edge computing, Internet of Things and AItechnologies to provide advanced automation that increases productivity or enables new products. We forecast steady growth inspending over the medium term, but there is elevated downside risk because of high household debt and an inflated housingmarket that leaves Australia susceptible to global headwinds.
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