Include:
Tech
Cybersecurity
Business Strategy
Channel Insights
Stay Connected
Acer America
Acer America Corp. is a computer manufacturer of business and consumer PCs, notebooks, ultrabooks, projectors, servers, and storage products.

Location

333 West San Carlos Street
San Jose, California 95110
United States

WWW: acer.com

ChannelPro Network Awards

hello 2
hello 3

Press Releases

April 15, 2020 | ChannelPro

New IDC COVID-19 Tech Index Points Towards Declines in IT Spending, But Also Pockets of Opportunity for IT Vendors

April 15, 2020 08:30 AM Eastern Daylight Time

April 15, 2020 08:30 AM Eastern Daylight Time

FRAMINGHAM, Mass.–(BUSINESS WIRE)–A new index of leading indicators for IT spending launched today by International Data Corporation (IDC) supports recent forecasts that point toward declines in overall tech spending in 2020, but also highlights opportunities where businesses may be looking to increase short-term investments as part of their response to the COVID-19 crisis.

A new index of leading indicators for IT spending launched today by IDC supports recent forecasts that point toward declines in overall tech spending in 2020.

Tweet this

Enterprise respondents to a global survey identified expected cuts in spending on traditional technologies including PCs, mobile devices, server/storage infrastructure, and IT services, but were more optimistic about their ability to keep funding investments in cloud and new technologies including artificial intelligence (AI) and the Internet of Things (IoT).

“There are individual examples of organizations increasing their IT spend on technologies such as laptops in order to support employees working from home, but the overall survey results support our view that total spending on those products will decline as many companies revert to contingency plans and cuts in capital spending,” said Stephen Minton, vice president in IDC’s Customer Insights & Analysis group. “Cloud seems to be resilient with some firms continuing to increase their spending even while others focus on ways to cut costs in the short term.”

The COVID-19 Tech Index uses a scale of 1000 to provide a directional indicator of changes in the outlook for IT spending and will be updated every two weeks. The index is based partly on a global survey of enterprise IT buyers and partly on a composite of market indicators, which will be calibrated over the next few months with country-level inputs relating to the impact of factors including medical infection rates, social isolation, and government stimulus. A score above 1000 indicates that IT spending is expected to increase, while a score below 1000 points towards a likely decline.

Notes: Index score above 1000 indicates expected increase in IT spending for 2020 overall; score below 1000 indicates a projected decline.

Buyer intent in the most recent survey, conducted in the last week of March, was broadly flat overall with expected IT spending declines in Europe and Asia/Pacific offset by more bullish expectations amongst US survey respondents.

“There is probably some lag in the full impact of COVID-19 becoming apparent to all enterprise IT buyers,” said Minton. “Some US firms were still projecting overall budget increases as late as the last week of March, but we think this is more likely to go down than up in the coming weeks. European firms were the most pessimistic in terms of overall IT spending.”

Market indicators are more negative than buyer intent surveys with economists having significantly lowered their outlook for the rest of 2020 after the release of limited data related to employment and other factors. There is still a huge amount of uncertainty, however, and these indicators may also trend down in the coming weeks. The pace of recovery in the second half of the year remains a major question.

The IDC COVID-19 Tech Index is a leading indicator for IT spending, which is designed to provide rapid updates to changes in buyer sentiment and underlying market indicators before these are factored into official market and macroeconomic forecasts. The index is based on a scale whereby a score higher than 1000 indicates growth in IT spending, while a score below 1000 indicates a decline. Complete results from the most recent index as well as additional research related to the pandemic can be found on IDC’s COVID-19 microsite at https://www.idc.com/misc/covid19.

The index is based on surveys of enterprise IT buyers around the world, who are asked to provide guidance on a variety of factors including general business confidence, overall IT spending plans, and specific changes to budget allocations for individual technologies. Additionally, the index score is weighted with a composite of “market indicators” including macroeconomic forecasts calibrated with inputs relating to medical data, social isolation measures, and the impact of government stimulus plans.

IDC will host a special COVID-19 Tech Index webinar on April 21st at 11:00 am U.S. Eastern time. In the presentation, Stephen Minton will discuss how the index works, the most recent index results, and how this aligns with IDC’s current forecast for global technology spending. Details and registration for this webinar are available at https://bit.ly/34nlvBy.

Learn how IDC can help your organization anticipate and respond to market changes brought on by the coronavirus pandemic. IDC’s COVID-19 resource site offers research, market data, webinars, and blog articles that can help decision makers plan their next moves in response to the latest developments.

About IDC
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,100 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC’s analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly-owned subsidiary of International Data Group (IDG), the world’s leading tech media, data and marketing services company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDC and LinkedIn. Subscribe to the IDC Blog for industry news and insights: http://bit.ly/IDCBlog_Subscribe.

Contacts

Stephen Minton
sminton@idc.com
+44 7435 753922

Michael Shirer
press@idc.com
508-935-4200


Editor’s Choice

5 Tech Companies Aim for Channel Dominance. Read Their Powerful Pitches to MSPs.

July 9, 2024 |

Representatives of Zero Networks, Ostendio, Sectigo, Lumu Technologies, and Josys want to help you stay ahead in the IT channel. Here’s how.

ChannelPro DEFEND Conference Heads to NJ, Promises to Lift Cybersecurity and Profitability of MSPs

July 8, 2024 |

Register now for ChannelPro DEFEND: East in Islen, NJ, on Aug 7 and 8 for unparalleled cybersecurity learning, networking, and collaboration opportunities.


Related News & Articles

Growing the MSP

Explore ChannelPro

Events

Reach Our Audience