Despite Signs of 'Gradual Recovery,' IT Buyers Expect Steep Spending Declines, Says IDC
Despite stabilization in other market indicators over the past month -- and many countries’ moves into a “gradual recovery phase” from the COVID-19 pandemic -- information technology buyers’ economic confidence levels declined in the last week of May, said IDC…
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Friday. Confidence levels are especially weak in the U.S., where they have continued to trend down since the crisis began, IDC said. U.S. firms are “a little more confident about the overall economy than two weeks ago, but conversely less confident about their own IT budgets for the year as a whole,” said the research firm. Significant spending declines are predicted for traditional technologies including PCs, peripherals, software applications and project-oriented IT services.