Gartner says global IT spend to decline by 8% in 2020 due to impact of pandemic

Falling sales stock exchange

The COVID-19 pandemic and effects of the global economic recession are causing CIOs to prioritise spending on technology and services that are deemed “mission-critical” over initiatives aimed at growth or transformation. Worldwide IT spending in 2020 is predicted to decline by 8% from 2019 to total $3.4 trillion, according to the latest forecast by Gartner. […]

Tech CEOs “not prepared” for Covid-19 recession

Governments weren’t the only ones caught off guard when the Covid-19 pandemic took hold earlier this year – new research from Gartner has found that as many as 55% of tech CEOs also failed to begi...