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
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
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.