Market News

STAMFORD, CT – Worldwide IT spending is projected to total $3.9 trillion in 2020, an increase of 3.4% from 2019, according to Gartner. Global IT spending is expected to cross into $4 trillion territory next year.

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STAMFORD, CT – Worldwide semiconductor revenue totaled $418.3 billion in 2019, down 11.9% from 2018 on a slump in memory demand, according to Gartner.

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FRAMINGHAM, MA – The worldwide market for traditional PCs, inclusive of desktops, notebooks, and workstations, finished the fourth quarter up 4.8% year-over-year, according to International Data Corp.

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CAMBRIDGE, UK – The augmented, virtual and mixed reality market will top $30 billion by 2030, according to IDTechEx Research.

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FRANKFURT – Third quarter printed circuit board sales in Germany, Austria and Switzerland were down 11% year-over-year and up 1.1% sequentially, according to ZVEI. Mechanical engineering and the automotive industry experienced a drop in sales.

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HERTFORDSHIRE, UK – Almost half the population living in the US, UK, France and Germany now owns a smart home device, up from one-in-three a year ago, according to Futuresource Consulting.

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