May 14 - 13:05
IT spending to fall 8% to $3.4trn in 2020, but cloud spending soars
Worldwide IT spending is projected to total $3.4 trillion in 2020 because of COVID-19, a decline of 8% from 2019, according to Gartner. Public cloud services represent a bright spot in the forecast, growing 19% in 2020, according to the report. Cloud-based telephony and messaging and cloud-based conferencing will also see high levels of spending growing 8.9% and 24.3%, respectively.
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