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Enterprises are slashing IT Budgets amid COVID-19 Pandemic

By ET Bureau - June 01, 2020 1 mins read

COVID-19 pandemic will see IT spending less on cloud apps and personal computers in 2020. Research firms Gartner and IDC have revised their forecasts for IT spending this year in the wake of the pandemic. IDC expects overall 2020 IT spending to drop by 5.1%. Enterprise software vendors will see a 6.9% drop in growth this year, according to Gartner. Both the research firms’ project businesses to further adopt cloud services to offset reduced capital spending.

Source: https://www.cio.com/article/3545534/sharp-it-budget-cuts-expected-in-wake-of-covid-19.html



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ET Bureau

The Enterprise talk Bureau has five well-trained writers and journalists, well versed in B2B enterprise technology industry, and constantly in touch with industry leaders for the latest trends, opinions, and other inputs- to bring you the best and latest in the domain.

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