Statistics
IT Industry Global Trends
As per Statista report, the outbreak of COVID-19 has impacted growth forecasts for global IT spending.
The mobile phone segments could see the greater decline with a current projected decline of 5 and 9.8 percent respectively in 2020 compared to the previous year. The server / storage segment is now forecast to grow by more than 2 percent (pre-coronavirus projection 0.8 percent). The PC / tablet segment is set to profit even more with a growth rate of 6.1 percent.
As the IT industry emerges from a COVID19 pandemic year earlier, it will begin a rebuilding phase in 2021, but this takes beyond restoration. There is little opportunity ahead to return back.