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APAC IT spending growth to drop to 1.2% in 2020 affected by covid-19 pandemic

Friday 27 March 2020 | 11:54 CET | News
APAC IT spending growth will significantly decline, negatively impacted by the covid-19 pandemic, according to a report from IDC. Back in January this year, IDC forecast that IT spending in Asia/Pacific, excluding Japan and China (APEJC), will grow by over 5.2 percent in constant currency this year due to the expected boost in hardware, software, and services spending on infrastructure as enterprises implement digital transformation projects. However, IDC now says early indicators from the first quarter reveal APEJC IT spending in 2020 will significantly drop to 1.2 percent growth

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Categories: IT
Countries: Asia
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