Worldwide spending on information and communications technology (ICT) is forecast to reach $4.3 trillion in 2020, an increase of 3.6% over 2019, according to IDC. Commercial and public sector spending on information technology (hardware, software and IT services), telecommunications services, and business services will account for nearly $2.7 trillion of the total in 2020 with consumer spending making up the remainder. “The slow economy, weak business investment, and uncertain production expectations combined with protectionist policies … More
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