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Spending growth in CEE in 2020 expected to fall short of previous year

Thursday 6 February 2020 | 14:30 CET | News
Overall ICT market spending in Central and Eastern Europe (CEE) is forecast to grow by 3.1 percent in 2020 year on year, which is a decline from the 4.0 percent growth seen in 2019, according to data from IDC. This development can be explained by the ongoing economic slowdown, with more rationalised spending in both the consumer and public sectors. Researchers forecast that total ICT spending (including telecom and business services) in the CEE region will total USD 136.66 billion in 2019, with an expected compound annual growth rate (CAGR) of 2.9 percent through 2023.

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Categories: General
Countries: World
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