Global ratings agency S&P Global Ratings has forecast that IT spending will grow between 2% and 3% in the year ahead, an improvement from 2019.
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.
The global PC market, inclusive of desktops, notebooks and workstations, grew 4.7% in the third quarter of this year to 79.9 million units, recording the best growth performance since the first quarter, according to a new analyst report.
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