Global IT Spending To Decline By 8% Due To COVID-19 - Gartner
InformationAge, May 13th, 2020
May 13, 2020,
Volume 266, Issue 2

Gartner has forecast that IT spending globally is set to see a year-on-year decline by 8% in 2020 due to the impact of COVID-19

"Global spending on IT is projected by Gartner to reach $3.4 trillion in 2020, spelling an 8% decline from 2019, with CIOs appearing to prioritise mission-critical tech and services over growth or transformation initiatives.

All areas of IT are set to see a decline, with Gartner expecting spending on devices to see the largest dip (-15.5%)..."

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