IT spending levels expected to dip in 2020, despite ease of economic lockdown

2020-06-09 03:30

Business confidence in IT spending levels declined in the last week of May, according to IDC. IT buyers in the US, Western Europe, and some parts of Asia/Pacific indicated that they now expect total IT spending to decline by more than previously anticipated.

2020 IT spending levels in the USA. Confidence levels are still especially weak in the USA, where they have continued to trend down since the crisis began.

"This could just reflect the fact that we're still in the middle of the second quarter when the biggest spending cuts are likely to be concentrated and the scale of the short-term impact has been even worse than some firms expected. In fact, survey results are now closer in line with market indicators in terms of the scale of IT spending decline projected for 2020 as a whole."

A score above 1000 indicates that IT spending is expected to increase, while a score below 1000 points towards a likely decline.

IT spending is still projected to increase in China, where the economy has moved more quickly from a containment to recovery mode, but confidence levels plunged in India and even declined in Korea where moves to ease lockdown measures appeared to trigger some instances of infections increasing again.

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