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According to the latest forecast from Gartner, a leading global research and consulting firm, global IT spending is expected to reach $3.
4 trillion in 2020 due to the impact of Covid-19, down 8%
from 2019.
The impact of the coronavirus pandemic and the global recession is causing CIOs to prioritize spending on technology and services that are considered "mission critical" rather than initiatives aimed at growth or transformation
.
John-David Lovelock, vice president at Gartner, said: "CIOs have embarked on urgent cost optimization, which means operations that will minimize investments and prioritize to keep the business running, which will be a top priority
for most businesses in 2020.
”
。
"The recovery will not follow previous patterns because as public health, social and commercial restrictions begin to wane, the forces behind this recession will hit both supply and demand
.
"
All segments will see declines in 2020, with spending on equipment and data center systems falling the most
.
However, as the COVID-19 pandemic continues to spur remote work, segments such as public cloud services (which fall into multiple categories) will be the highlight of the forecast, which will grow by 19%
in 2020.
Cloud-based telephony and messaging, and cloud-based conferencing, high-level spending will also grow by 8.
9% and 24.
3%,
respectively.
"In 2020, some long-term cloud-based transformation projects may be on hold, but Gartner's forecast overall cloud spending levels for 2023 and 2024 will be brought forward to 2022," Lovelock said
.
Lovelock also explained, "The recovery of IT spending will be a slow process in 2020, with it will take more than three years for hardest-hit sectors such as entertainment, air transport and heavy industry to return to 2019 IT spending levels
.
”
According to the latest forecast from Gartner, a leading global research and consulting firm, global IT spending is expected to reach $3.
4 trillion in 2020 due to the impact of Covid-19, down 8%
from 2019.
The impact of the coronavirus pandemic and the global recession is causing CIOs to prioritize spending on technology and services that are considered "mission critical" rather than initiatives aimed at growth or transformation
.
John-David Lovelock, vice president at Gartner, said: "CIOs have embarked on urgent cost optimization, which means operations that will minimize investments and prioritize to keep the business running, which will be a top priority
for most businesses in 2020.
”
。
"The recovery will not follow previous patterns because as public health, social and commercial restrictions begin to wane, the forces behind this recession will hit both supply and demand
.
"
All segments will see declines in 2020, with spending on equipment and data center systems falling the most
.
However, as the COVID-19 pandemic continues to spur remote work, segments such as public cloud services (which fall into multiple categories) will be the highlight of the forecast, which will grow by 19%
in 2020.
Cloud-based telephony and messaging, and cloud-based conferencing, high-level spending will also grow by 8.
9% and 24.
3%,
respectively.
"In 2020, some long-term cloud-based transformation projects may be on hold, but Gartner's forecast overall cloud spending levels for 2023 and 2024 will be brought forward to 2022," Lovelock said
.
Lovelock also explained, "The recovery of IT spending will be a slow process in 2020, with it will take more than three years for hardest-hit sectors such as entertainment, air transport and heavy industry to return to 2019 IT spending levels
.
”
