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.…
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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.