Worldwide IT spending is now expected to decline 2.7 percent in constant currency terms in 2020, IDC now predicts. Spending on communications services will be flat, which might be deemed a relative relief for connectivity service providers.
This is the third forecast in as many months by IDC, as analysts have had to adjust expectations based on the roiling impact of the Covid-19 pandemic and what IDC is hearing from enterprise IT buyers, in all likelihood.
“Overall IT spending will decline in 2020, despite increased demand and usage for some technologies and services by individual companies and consumers,” Stephen Minton, IDC program VP.
In the January forecast, Minton and his team were expecting real gross domestic product to grow by 2.4 percent and IT spending to rise by 5.1 percent. At the end of March analysts had revised their thinking on global GDP. The January forecast was that GDP would grow, as would IT spending.
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