Global IT Spending to Fall 2.7%, Rise Slightly in Telecom, Says IDC
The COVID-19 pandemic's economic impact will send global IT spending in 2020 to a 2.7% decline, reported IDC Tuesday. Hospitality and “tourism-heavy” industries likely will be the most negatively affected, with IT spending declining by 5% or more, said IDC.…
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
More "recession resistant" industries like government will fare better, increasing slightly in 2020, it said. IT spending in healthcare and telecom is “also forecast to grow slightly” as those segments “respond to new demands presented by the pandemic,” it said.