searchcio.techtarget.com
Open in
urlscan Pro
206.19.49.153
Public Scan
URL:
https://searchcio.techtarget.com/news/252483187/IT-spending-now-expected-to-decline-51-in-face-of-pandemic
Submission: On May 19 via manual from US
Submission: On May 19 via manual from US
Form analysis
2 forms found in the DOMGET https://www.techtarget.com/search/query
<form action="https://www.techtarget.com/search/query" method="get" class="header-search" style="width: 790px;">
<label for="header-search-input" class="visuallyhidden">Search the TechTarget Network</label>
<input class="header-search-input ui-autocomplete-input" id="header-search-input" autocomplete="off" type="text" name="q" placeholder="Search the TechTarget Network">
<button class="header-search-submit"><i class="icon" data-icon="g"></i></button>
</form>
<form id="loggedoutCommentsForm" class="comments-form logged-out">
<div class="cleditorMain" style="width: 100%; height: 200px;">
<div class="cleditorToolbar" style="height: 27px;">
<div class="cleditorGroup" style="width: 73px;">
<div class="cleditorButton cleditorDisabled" title="Bold" disabled="disabled"></div>
<div class="cleditorButton cleditorDisabled" title="Italic" disabled="disabled" style="background-position: -24px center;"></div>
<div class="cleditorButton cleditorDisabled" title="Strikethrough" disabled="disabled" style="background-position: -72px center;"></div>
<div class="cleditorDivider"></div>
</div>
<div class="cleditorGroup" style="width: 73px;">
<div class="cleditorButton cleditorDisabled" title="Font" disabled="disabled" style="background-position: -144px center;"></div>
<div class="cleditorButton cleditorDisabled" title="Font Size" disabled="disabled" style="background-position: -168px center;"></div>
<div class="cleditorButton cleditorDisabled" title="Style" disabled="disabled" style="background-position: -192px center;"></div>
<div class="cleditorDivider"></div>
</div>
<div class="cleditorGroup" style="width: 49px;">
<div class="cleditorButton cleditorDisabled" title="Font Color" disabled="disabled" style="background-position: -216px center;"></div>
<div class="cleditorButton cleditorDisabled" title="Remove Formatting" disabled="disabled" style="background-position: -264px center;"></div>
<div class="cleditorDivider"></div>
</div>
<div class="cleditorGroup" style="width: 49px;">
<div class="cleditorButton cleditorDisabled" title="Bullets" disabled="disabled" style="background-position: -288px center;"></div>
<div class="cleditorButton cleditorDisabled" title="Numbering" disabled="disabled" style="background-position: -312px center;"></div>
<div class="cleditorDivider"></div>
</div>
<div class="cleditorGroup" style="width: 25px;">
<div class="cleditorButton cleditorDisabled" title="Insert Hyperlink" disabled="disabled" style="background-position: -576px center;"></div>
<div class="cleditorDivider"></div>
</div>
<div class="cleditorGroup" style="width: 25px;">
<div class="cleditorButton ttCleditorButton cleditorDisabled" title="Code" disabled="disabled"></div>
<div class="cleditorDivider"></div>
</div>
</div><textarea id="loggedoutCommentBody" class="comments-form-textarea" placeholder="Share your comment" style="border: none; margin: 0px; padding: 0px; display: none; width: 776px; height: 173px;"></textarea><iframe frameborder="0"
src="javascript:true;" style="width: 776px; height: 173px;"></iframe>
</div>
<fieldset class="notifications">
<input data-field="" id="notifications" name="notifications" checked="checked" type="checkbox"> Send me notifications when other members comment.
</fieldset>
<button type="submit" class="comments-form-btn submit" href="#comments-reg-login">Add My Comment</button>
<div style="display:none;">
<div id="comments-reg-login">
<section id="commenting-registration">
<div class="modal-register">
<h4>Register</h4>
<input class="comments-username" type="text" placeholder="Username">
<input class="comments-email" type="text" placeholder="email@techtarget.com">
<input class="comments-password" type="password" placeholder="Password">
<ul class="optInCheckboxesWrapper">
<li class="optInCheckboxes">
<fieldset class="checkboxList">
<ul class="default-list">
<li><input type="checkbox" id="comments-optin-privacy" name="comments-optin-privacy" value="true" data-required="true">
<label for="comments-optin-privacy"> I agree to TechTarget’s <a href="https://www.techtarget.com/terms-of-use/" target="_blank">Terms of Use</a>,
<a href="https://www.techtarget.com/privacy-policy-may25/" target="_blank">Privacy Policy</a>, and the transfer of my information to the United States for processing to provide me with relevant information as described in our
Privacy Policy.</label>
</li>
</ul>
</fieldset>
<div class="signupErrors">
<p id="comments-optin-privacy-error" class="sign-up-error-msg hidden">Please check the box if you want to proceed.</p>
</div>
</li>
<li class="optInCheckboxes">
<fieldset class="checkboxList">
<ul class="default-list">
<li><input type="checkbox" id="comments-optin-partners" name="comments-optin-partners" value="true" data-required="true">
<label for="comments-optin-partners"> I agree to my information being processed by TechTarget and its <a href="https://www.techtarget.com/privacy-partners/" target="_blank">Partners</a> to contact me via phone, email, or other
means regarding information relevant to my professional interests. I may unsubscribe at any time.</label>
</li>
</ul>
</fieldset>
<div class="signupErrors">
<p id="comments-optin-partners-error" class="sign-up-error-msg hidden">Please check the box if you want to proceed.</p>
</div>
</li>
</ul>
<input id="submit-register" class="comments-form-btn" type="submit" value="Add My Comment">
</div>
<div class="modal-divider"></div>
<div class="modal-login">
<h4>Login</h4>
<input class="comments-email" type="text" placeholder="email@techtarget.com">
<input class="comments-password" type="password" placeholder="Password">
<a class="forgot-password" href="#forgotPasswordModal">Forgot your password?</a>
<input id="submit-login" class="comments-form-btn" type="submit" value="Add My Comment">
<div style="display:none;">
<div id="forgotPasswordModal">
<section id="commenting-forgot-password">
<div id="forgotPasswordModalHeader">
<h4>Forgot your password?</h4>
<div id="forgotPasswordModalMessaging">
<span class="forgotPasswordModalIntro">No problem! Submit your e-mail address below. We'll send you an email containing your password.</span>
</div>
</div>
<input id="forgotPasswordModalFormMessage" name="email" tabindex="1" class="required" placeholder="email@techtarget.com">
<button type="submit" id="forgotPasswordModalFormSubmit" class="button primaryButton">Submit</button>
</section>
</div>
</div>
<div style="display:none;">
<div id="forgotPasswordModalConfirm">
<div id="forgotPasswordModalHeader">
<h4>Your password has been sent to:<span class="email"></span></h4>
</div>
</div>
</div>
</div>
</section>
</div>
</div>
</form>
Text Content
Scroll Down To Continue ▼ Scroll Down To Continue ▼ SearchCIO Search the TechTarget Network Sign-up now. Start my free, unlimited access. Login Register * Techtarget Network * News * Features * Tips * More Content * Answers * Buyer's Guides * Definitions * Essential Guides * Opinions * Photo Stories * Podcasts * Quizzes * Tutorials * Sponsored Communities * SearchCIO * Topic CIO mission * Cloud computing * Cybersecurity * Digital business transformation * BI and big data * Mobile strategy * Apps, infrastructure and operations * All Topics * SubTopic IT budgeting * CIO and IT salaries * Career development * Contracting and legal * Outsourcing * IT governance * Vertical industries * IT budgeting * Staff development/retention * Vendor management * Leadership and planning * ROI * Small-business IT strategy * All Subtopics * Follow: * * * Denys Rudyi - Fotolia Denys Rudyi - Fotolia News Stay informed about the latest enterprise technology news and product updates. IT SPENDING NOW EXPECTED TO DECLINE 5.1% IN FACE OF PANDEMIC * * SPENDING ON PCS AND MOBILE DEVICES IN 2020 IS EXPECTED TO TAKE THE BIGGEST HIT, ACCORDING TO ANALYST FIRM IDC -- BUT SPENDING ON IT INFRASTRUCTURE WILL RISE. Share this item with your network: * * * By * Taylor Driscoll, Editorial Assistant Published: 14 May 2020 IDC recently further revised its worldwide IT spending forecast for 2020, from an earlier projection of a 2.7% decrease in constant currency to a 5.1% decrease due to the COVID-19 pandemic. In February, IDC had predicted a 5% increase in worldwide IT spending. Despite the drop to a projected $2.25 trillion in spending, IT infrastructure spending is still expected to rise by almost 4%. Analysts see other reasons to be optimistic. "In the long term, this won't disrupt the general trend toward digital transformation -- in fact, it might just accelerate it," said Stephen Minton, program vice president of customer insights and analysis at IDC. "The crisis will likely provide us with proof points which show that companies that were further along the road with things like cloud adoption and digital transformation in general were best positioned to withstand this kind of event." Businesses also have to be careful about their business continuity plans and how they proceed with making cuts and how they look at this unique situation in a long-term lens. "[Businesses] have to get a handle on [their spending and budgeting]. They need to know where they are and they also need to know, assess and come up with scenarios for where the potential for growth is, vs. contraction," said Howard Dresner, founder and chief research officer at Dresner Advisory Services. "You know where you should be investing, because if you can do across-the-board cuts, you're cutting your growth business, too." DOUBLE-DIGIT DECREASE IN DEVICE SPENDING Devices will be hardest hit, with companies spending 12.4% less on PCs and mobile devices in 2020. Companies were planning to reduce spending on PCs due to last year's commercial refresh cycle, but mobile devices were expected to see a boost with the impending launches of 5G service and products. Minton said there is a chance that companies may spend more on devices, however, given the rise in work-from-home initiatives due to shelter-in-place orders. > Businesses have to evaluate which technologies can help them to not only keep > operating during the period of social distancing, but also to come out of the > crisis at something like full speed. Stephen MintonProgram vice president, IDC "There could be some cuts in spending on mobile devices and apps, for example, because people are not currently very mobile," Minton said. "On the other hand, there's a lot of crossover between mobile and working from home, so it's not a simple equation. Businesses have to evaluate which technologies can help them to not only keep operating during the period of social distancing, but also to come out of the crisis at something like full speed, so cutting too much can be just as damaging as not cutting enough in some cases." IT INFRASTRUCTURE SPENDING TO RISE Although overall IT spending will decrease, infrastructure spending is expected to increase 5.3% this year, mainly due to enterprise spending on infrastructure-as-a-service projects. "The most long-term impact is probably going to be that this will be a tipping point for cloud, which sees a lot of the laggards finally embrace off-premise public and hybrid cloud services, and begin to scale back or even close down their own data centers and server rooms," Minton said. This comes after a strong fourth quarter in 2019 that brought in $14.9 billion in spending for cloud infrastructure, after two consecutive quarters of steady decrease. IT CONFERENCES AND EVENTS AFFECTING SPENDING Although technology conferences worldwide have either been canceled out of precaution for attendees, been postponed or gone digital, Minton said they won't directly affect projected IT spending. The results of the upended conference calendar may be seen down the line, however. "It impacts the launch of new products and the general process of evaluating and comparing new technologies," Minton said. "The lack of face-to-face contact in general will have a chilling effect on things like new projects and buying decisions." A recent Gartner report, "Addressing Disruptions to Tradeshow and Event Marketing Plans Due to Coronavirus (COVID-19)," contingency plans can help minimize the effects that COVID-19 has had on tech events and conferences. The report found that 11% of their marketing budget is pushed on third-party tradeshows and Gartner recommends companies reallocate their budgets in case of these cancellations. DIG DEEPER ON IT SPENDING AND BUDGETING * CORONAVIRUS: DIGITAL BANK’S VALUATION FALLS AS IT SEEKS FUNDS TO RIDE COVID-19 STORM By: Karl Flinders * CORONAVIRUS: TOTAL OUTSOURCING SPENDING COLLAPSES IN MARCH By: Karl Flinders * IN COVID-19 ECONOMY, CX TEAMS SHRINK DESPITE GREATER NEED By: Don Fluckinger * CORONAVIRUS DECKS STORAGE AND SERVER ENTERPRISE SPENDING By: Garry Kranz Sponsored News * Next Step in The Digital Workspace: Using Intelligence to Improve Data Delivery... –Citrix * How Leaders in Education Can Modernize IT to Reduce Complexity –DellEMC * Improve Datacentre Performance by Closing the Gaps in Memory and Storage ... –Intel * See More Related Content * Coronavirus decks storage and server enterprise ... – SearchStorage * IDC cuts global IT spending expectations – MicroscopeUK * Global IT spending recovery won't fully bounce back ... – MicroscopeUK START THE CONVERSATION 0 COMMENTS Send me notifications when other members comment. Add My Comment REGISTER * * I agree to TechTarget’s Terms of Use, Privacy Policy, and the transfer of my information to the United States for processing to provide me with relevant information as described in our Privacy Policy. Please check the box if you want to proceed. * * I agree to my information being processed by TechTarget and its Partners to contact me via phone, email, or other means regarding information relevant to my professional interests. I may unsubscribe at any time. Please check the box if you want to proceed. LOGIN Forgot your password? FORGOT YOUR PASSWORD? No problem! Submit your e-mail address below. We'll send you an email containing your password. Submit YOUR PASSWORD HAS BEEN SENT TO: PLEASE CREATE A USERNAME TO COMMENT. Oldest Newest -ADS BY GOOGLE LATEST TECHTARGET RESOURCES * Compliance * Health IT * Cloud Computing * Mobile Computing * Data Center SEARCHCOMPLIANCE * HOW TO EVALUATE, SELECT AND IMPLEMENT ENTERPRISE GRC SOFTWARE There are a variety of GRC software options on the market. Learn about some of the available product options and how best to ... * PLAN AND IMPLEMENT A GRC FRAMEWORK WITH THIS CHECKLIST Whether planning or updating your governance, risk and compliance program, use this guide to help simplify the initiative and ... * BALANCE FRAUD COMPLIANCE AND PREVENTION WITH THESE TIPS IT leaders must be vigilant against cyberfraud. Use this list of fraud compliance statutes and prevention tips to protect IT ... SEARCHHEALTHIT * CIO ON REOPENING HEALTHCARE SYSTEMS FOR NONEMERGENCY CARE CIO Aaron Miri said as healthcare systems reopen for non-COVID-19 care, CIOs will focus on EHRs and bringing a remote workforce ... * TAILORMED PLATFORM HELPS OFFSET COSTS FOR PATIENTS, PROVIDERS A platform from TailorMed helps healthcare systems quickly identify potential financial assistance for patients. * CONTACT TRACING TOOLS BREAK INTO THE HEALTHCARE SECTOR Contact tracing has been used by public health agencies for years. With COVID-19, the methodology is breaking out of the public ... SEARCHCLOUDCOMPUTING * VMWARE CLOUD FOUNDATION TO RUN ON NEW GOOGLE CLOUD SERVICE VMware and Google signed their second deal in less than a year, this time to support VMware Cloud Foundation workloads on Google ... * FOLLOW THIS SAAS VENDOR CHECKLIST TO FIND THE RIGHT PROVIDER Before you ditch your legacy IT system, vet its potential cloud replacements with these SaaS SLA and RFP questions. Dig into ... * GAIN A BROAD VIEW OF CLOUD OPTIMIZATION Cloud optimization is a broad discipline that involves much more than just cost. Learn why performance, reliability and ... SEARCHMOBILECOMPUTING * DELL XPS 13 (2020) REVIEW: THE BEST WINDOWS 10 LAPTOP The Dell XPS 13 is more expensive than other Windows 10 laptops, but is it worth it? Its impeccable design, stunning display and ... * TOP IOS 13 MOBILE DEVICE MANAGEMENT FEATURES FOR IT The new iOS 13 mobile device management features Apple introduced help IT with device enrollment and other tasks, but IT must ... * MOBILEIRON PURCHASE LOOKS TO EASE MOBILE APP DEPLOYMENT MobileIron says its purchase of Incapptic Connect will make the enterprise app deployment process easier. Experts say the move ... SEARCHDATACENTER * SIEM VS. SOAR: KEY CONSIDERATIONS FOR SOFTWARE EVALUATION SIEM and SOAR tools are now seen as complementary to each other, but key differences in purpose and features may determine which ... * TOOLS AND TIPS TO TRACK SERVER POWER CONSUMPTION Server power requirements differ for each organization, but it's still essential to monitor peak loads and track how much power ... * RED HAT ENTERPRISE LINUX STILL CENTRAL TO RED HAT'S STRATEGY While it may be overshadowed by OpenShift and Kubernetes, Red Hat Summit attendees were reminded that Red Hat Enterprise Linux ... * About Us * Meet The Editors * Contact Us * Privacy Policy * Advertisers * Business Partners * Media Kit * Corporate Site * Contributors * Reprints * Answers * Definitions * E-Products * Events * Features * Guides * Opinions * Photo Stories * Quizzes * Tips * Tutorials * Videos All Rights Reserved, Copyright 2007 - 2020, TechTarget Do Not Sell My Personal Info Arial Arial Black Comic Sans MS Courier New Narrow Garamond Georgia Impact Sans Serif Serif Tahoma Trebuchet MS Verdana 1 2 3 4 5 6 7 Paragraph HEADER 1 HEADER 2 HEADER 3 HEADER 4 HEADER 5 HEADER 6 Enter URL: Paste the code: Sponsored News * Next Step in The Digital Workspace: Using Intelligence to Improve Data Delivery... –Citrix * How Leaders in Education Can Modernize IT to Reduce Complexity –DellEMC * Improve Datacentre Performance by Closing the Gaps in Memory and Storage ... –Intel * See More Close x We value your privacy TechTarget and its partners employ cookies to improve your experience on our site, to analyze traffic and performance, and to serve personalized content and advertising that are relevant to your professional interests. You can manage your preferences at any time. Please view our Privacy Policy for more information Manage Preferences OK Dismiss