World IT and telecom spending to slow to 3.7% growth in 2018

Thursday 21 June 2018 | 16:43 CET | News
Worldwide spending on traditional hardware, software, services and telecommunications is set to increase 3.7 percent this year to USD 4 trillion, slowing slightly from growth of 4.2 percent in 2017, IDC forecast. Growth will slow further in 2019 to less than 3 percent or less than global GDP growth, as trade tariffs, rising interest rates and slowing growth in China, as well as an end to the capital spending cycle drag on the market. 

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Categories: General
Countries: World
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