Global market intelligence firm IDC has downgraded its forecast for IT spending in the Asia-Pacific region, excluding Japan and China (APEJC), from 5.2% growth, which it forecast in January, to 1.2% due to the impact of the coronavirus outbreak in the region.
Spending on technology products and services in Australia is forecast to total $93.7 billion this year - up 3 percent from 2018 - and to grow 4.6 percent to reach almost $98 billion in 2020, in contrast to a global slowdown in IT spending forecast by Gartner.
Technology spending in Australia is forecast to grow 2.3% to reach A$84.5 billion in 2018, as the latest forecasts for global technology spending have been revised upwards by 1.8% to 6.2% – or US$3.7 trillion for 2018.
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