India will experience its first decline in IT spending in the last five years, with expenditure in 2020 to reach US$83.5 billion, a drop of 8.1% year-on-year, the technology research firm Gartner says.
Global IT spending will fall by 8% in 2020 year-on-year, the technology research firm Gartner has predicted, adding that total spending would come to US$3.4 trillion.
Global spending on IT is trending down, with the technology analyst firm IDC says it now expects a drop of 5.1% to US$2.25 trillion due to the coronavirus pandemic.
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