The Business
Research Company’s latest report Information Technology Global Market Report
2020 covers Information Technology market drivers, Information Technology
market trends, Information Technology market segments, Information Technology
market growth rate, Information Technology market major players, and
Information Technology market size. The report provides in-depth analysis of
the impact of COVID-19 on the Information Technology industry, along with
revised market numbers due to the effects of the coronavirus.
View Complete Report:
Information Technology Global Market Report 2020 is the most
comprehensive report available on this market and will help gain a truly global
perspective as it covers 60 geographies. The chapter on the impact of COVID-19
gives valuable insights on supply chain disruptions, logistical challenges, and
other economic implications of the virus on the market. The chapter also covers
markets which have been positively affected by the pandemic.
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The global information technology market is expected to
decline from $8010.9 billion in 2019 to $7948.8 billion in 2020 at a compound
annual growth rate (CAGR) of -0.8%. The decline is mainly due to economic
slowdown across countries owing to the COVID-19 outbreak and the measures to
contain it. The market is then expected to recover and grow at a CAGR of 9%
from 2021 and reach $10189.3 billion in 2023.
The global information technology market is segmented by
type into IT services, computer hardware, telecom, software products and by
end-user industry into financial services, retail & wholesale,
manufacturing, healthcare, others. Subsegments covered are hardware support
services, software and BPO services, cloud services, computer peripheral
equipment, computer storage devices and servers, computers, wireless
telecommunication carriers, wired telecommunication carriers, communications
hardware, satellite & telecommunication resellers, operating systems &
productivity software publishing, database, storage & backup software
publishing, business analytics & enterprise software, video game software,
design, editing & rendering software.
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