IDC Lowers Forecast for 2020 Worldwide IT Spending to a Decline of 5.1%
Worldwide IT spending including telecom and business services is now expected to decline 5.1% in constant currency terms this year to $2.25 trillion due to the economic impact of the COVD-19 pandemic. The original source for this post is “IDC Lowers Forecast for 2020 Worldwide IT Spending to a Decline of 5.1%” on websitehostingreview.org.
Vendor revenues from sales of IT infrastructure products (servers, enterprise storage, and Ethernet switches) for cloud environments, including public and private cloud, has declined in the 3rd quarter of 2019, according to IDC. The original source for this post is “IDC: Decline in Cloud IT Infrastructure Spending Driven by Public…
European ICT spending will reach $1.1 trillion in 2022 and close to $1.4 trillion by 2026, driven by software investments, according to forecast by IDC, a telecoms market research firm. Growing at 5% (CAGR) between 2021–2026, the technology investment will be predominantly driven by spending in software, underpinned by the…
The International Data Corporation (IDC) has reported that there has been a 13.5% increase in spending on computing and storage infrastructure products for cloud infrastructure, based on data from its Worldwide Quarterly Enterprise Infrastructure Tracker: Buyer and Cloud Deployment. Cloud infrastructure spending in 2021 In the fourth quarter of 2021…