Worldwide IT spending is forecast to reach $3.8 trillion in 2021, an increase of 4% from 2020, according to research firm Gartner, but still shy of pre-pandemic levels. IT spending in 2020 is expected to total $3.6 trillion, down 5.4% from 2019.
Certain industries facing prolonged lockdowns due to COVID-19, such as entertainment and air transport, have cut IT spending by more than 30% in 2020, according to Gartner, which delivered the current outlook for the global IT market at its virtual IT Symposium/Xpo 2020 Americas.
