May 05 - 12:05
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Global IT spending to decline by more than 5% in 2020, says IDC
Global IT spending is now expected to decline 5.1% this year to $2.25 trillion, as the economic impact of the COVD-19 pandemic continues to drive down some categories of tech spending. A report from IDC shows that, in addition, ICT spending, which includes telecom and business services, will decline by 3.4% this year to just over $4 trillion with telecom spending down 0.8%.
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