Gartner Information Technology Research

Invest Implications: Forecast Alert: IT Spending, Worldwide, 3Q20 Update

Published: 15 October 2020

ID: G00737693

Analyst(s): Andrew Neff , Adam Woodyer , Frank Marsala , Sandra Notardonato


Worldwide IT spending growth in 2020 was revised up 1.9 points from 2Q20 to -5.4% (in U.S. dollars) and -3.6% (in constant currency). COVID-19, Brexit and trade war risks will inhibit global recovery for most of 2021. Forecast IT spending growth for 2021 is 4.0% (in U.S. dollars).

Table Of Contents

Investment Implications

What to Watch For

©2021 Gartner, Inc. and/or its affiliates. All rights reserved. Gartner is a registered trademark of Gartner, Inc. and its affiliates. This publication may not be reproduced or distributed in any form without Gartner’s prior written permission. It consists of the opinions of Gartner’s research organization, which should not be construed as statements of fact. While the information contained in this publication has been obtained from sources believed to be reliable, Gartner disclaims all warranties as to the accuracy, completeness or adequacy of such information. Although Gartner research may address legal and financial issues, Gartner does not provide legal or investment advice and its research should not be construed or used as such. Your access and use of this publication are governed by Gartner’s Usage Policy. Gartner prides itself on its reputation for independence and objectivity. Its research is produced independently by its research organization without input or influence from any third party. For further information, see Guiding Principles on Independence and Objectivity.

Already have a Gartner Account?

Become a client

Learn how to access this content as a Gartner client.