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Gartner: IT spending will drop 8% as COVID-19 hits enterprise wallets

May 14, 2020

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.

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