Gartner: IT spending will drop 8% as COVID-19 hits enterprise wallets
Gartner this week said that IT spending across the globe is projected to total $3.4 trillion in 2020, a decline of 8% from 2019 due to the impact of the COVID-19 pandemic.
In January Gartner had forecast Worldwide IT spending to total $3.9 trillion in 2020, an increase of 3.4% from 2019.
Gartner’s new forecast says all market segments from enterprise software to communications service will experience a decline in 2020, with devices and data-center systems experiencing the largest drops in spending.
Source:: IT news – Networking