IDC: IT Spending Forecast Hit By Coronavirus Impact
Storage Newsletter, March 13th, 2020
March 13, 2020,
Volume 264, Issue 2
The escalating coronavirus crisis is already impacting IT markets as buyers and vendors adjust to a new set of assumptions and a new global economic reality
"Based on data indicators in 1Q20, International Data Corporation expects to see a significant slowdown in spending on hardware in particular during 2G20 with software and services spending also affected as the crisis reverberates through all sectors of the economy, including supply chains, trade, and business planning. By the end of 2020, in a pessimistic scenario, IT spending could grow by 1% compared to the original forecast of more than 4% growth, and these forecasts are more likely to trend down than up in the next few weeks...."
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