Global spending on IT is trending down, with the technology analyst firm IDC says it now expects a drop of 5.1% to US$2.25 trillion due to the coronavirus pandemic.
A number of indicators for IT spending backs forecasts that while 2020 may see a decrease in overall tech spending, there is scope for short-term investments by businesses as part of their response to the coronavirus pandemic.
Global market intelligence firm IDC has downgraded its forecast for IT spending in the Asia-Pacific region, excluding Japan and China (APEJC), from 5.2% growth, which it forecast in January, to 1.2% due to the impact of the coronavirus outbreak in the region.
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