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Forecast: Enterprise IT Spending for the Communications, Media and Services Markets, Worldwide, 2019-2025, 1Q21 Update
Total enterprise IT spending in the communications, media and services market is forecast to reach $515 billion in 2021 in constant U.S. dollars, up from $491 billion in 2020. Spending is expected to see a five-year compound annual growth rate of 6.3% to reach an estimated $666 billion by 2025.