Safety remains a top priority

10th edition of Red Hat’s Global Technology Trends Survey provides insight into new technology trends shaping the business landscape in 2024. Including more than 700 information technology (IT) leaders from various industries worldwide, the report offers a detailed overview of current priorities and approaches in digital transformation.

The report Latin America IT Industry Predictions 2024 highlights a growth of 5% in of the entire IT industry in the region, surpassing the rates of mature economies such as the United States. This despite the fact that by 2027, a lack of funding for skills initiatives compared to spending on products/services is expected to prevent 75% of companies from realizing the full value of investments in AI, cloud, data and security.

In the case of Panama, it is estimated that in 2023 the IT market had a growth of 9.4%; according to him IDC (International Data Corporation). YoLikewise, it is expected that in the coming years the demand will
of IT specialists increases by 10% per year.

One of the most significant findings this year is that security is still a priority for organizations, even more so than in previous years. 50% of respondents ranked it as a top funding priority, which represents a significant increase of 5% compared to the previous year. However, some significant differences remain within the security category. Although threat intelligence, detection and response are priority areas for funding, despite their importance, security awareness training and recruitment of security personnel are less of a priority.

The increasing complexity of the landscape Cyber ​​threats have raised security at an unprecedented level on the agenda of organizations, said Robert Calva, Automation GTM; Red Hat Business Leader for Latin America. This year we see a renewed focus on threat intelligence, detection and response, reflecting the importance of taking a proactive approach to protecting critical digital assets as a top funding priority in application development. However, this priority varies from region to region.

While in the Americas and Europe, the Middle East and Africa, the modernization of existing applications is a priority investment, in Asia and the Pacific this approach is lower on the list. This contrast can due to the increased use of SaaS in Asia Pacific, suggesting a tendency to replace legacy software with cloud solutions.

Cloud management, especially hybrid cloud management, continues to be a top funding priority in IT management. However, there is a significant de-prioritization of workload migration management funding, possibly indicating a change in the application deployment strategies.

Hybrid cloud management is consolidated co as a strategic priority for organizations, added Robert Calva. A significant increase in funding for these initiatives reflects this
growing understanding of the need for agile, efficient and secure management of cloud environments, combining the best of the public and private worlds to meet the demands
market changes.

Manual processes are still the main obstacle to digital transformation, especially in America. However, an increase in investment was found
automation of various aspects of IT, proposing a focus on improving efficiency and safety.

In short, security remains a top priority in today’s technology environment, with an increasing focus on threat intelligence, detection and response. However, it is
addressing regional differences in funding priorities to ensure transformation effectively digital and aligned with business goals.

The full report offers analysis Detailed insights on cloud strategies, automation and more. To access the full report and get more details on global technology trends in
2024, visit our Global Technology Trends 2024 report.