Channelnomics Original

Trade Wars Be Damned, IT Spending Still Climbing

August 20, 2019

New forecast by IDC projects worldwide IT spending will hit nearly $5 trillion annually by 2023

As global and regional markets brace for an inevitable recession sparked by slowing consumption and the impact of trade wars between the United States and China, IDC has a hint of good news for the technology market: Spending will continue to increase at a healthy rate for the next four years, reaching nearly $5 trillion annually by 2023.