The Business
Research Company’s latest report Information Technology Global Market Report
2020 covers Recreation Market drivers, Recreation Market trends, Recreation
Market segments, Recreation Market growth rate, Recreation Market major
players, and Recreation 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 Recreation 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 Recreation 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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