• Email More Options Modal Window

  • IDC Expects Asia/Pacific excluding Japan IT Spending to Decline by -1.3% in 2020 as COVID-19 Continues to Challenge Markets

    Posted on IDC.com

    "SINGAPORE, May 14
    th, 2020 – According to the April update of the IDC Worldwide Black Book Live Edition, Asia/Pacific excluding Japan (APeJ) IT Spending will decline by -1.3% in 2020 compared to -0.8% decline projected back in March. Majority of countries have also revised their GDP estimate to either flat or negative growth for 2020 due to lesser economic activities across all industries. To provide relief for impacted businesses, governments across the region have announced stimulus packages.

    Asia Pacific ex Japan % Year Over Year Growth Value (Constant Annual) 2019 2020 2021
    IT Spending 3.6% -1.3% 11.3%
    Telecom Spending -1.7% -0.3% 0.3%
    ICT Spending 1.6% -0.6% 6.7%
    Source: IDC Worldwide Black Book Live Edition, April 2020

    “The ICT Spending forecasts will remain a moving goal post in the next few months due to the uncertainties around the epidemic, inconsistent lockdown measures by country, varying stimulus packages by various governments, and the different economic resiliency by country in the region. Cloud will be a major differentiator as CAPEX maybe under pressure for some time, forcing enterprises to move faster on the Cloud,” says Avneesh Saxena, Group Vice President for Domain Research at IDC Asia/Pacific.

    Based on IDC’s latest COVID-19 Impact on IT Spending survey of technology leaders in the region, it is not all doom and gloom as technology buyers highlight technologies that will benefit from COVID-19. The solutions will be driven by work from home (WFH), increased demand for cloud for business continuity, automation to deal with reduced workforce, to name a few"... [Read more at IDC.com]