FRAMINGHAM, MA – Ravaged by the Covid-19 pandemic and comorbid economic malaise, the outlook has turned for the worldwide IT services market. This is the first time since the two world wars that the global economy has been disrupted both by demand and supply at such a scale, says International Data Corp.
FRAMINGHAM, MA – A new index of leading indicators for IT spending launched by International Data Corp. supports recent forecasts that point toward declines in overall technology spending in 2020, but also highlights opportunities where businesses may be looking to increase short-term investments as part of their response to the Covid-19 crisis.
MILPITAS, CA – Semiconductor equipment manufacturers worldwide logged sales of $59.8 billion in 2019, down 7% year-over-year, according to SEMI.
EGHAM, UK – Due to the impact of the coronavirus on semiconductor supply and demand, worldwide semiconductor revenue is forecast to decline 0.9% in 2020, according to Gartner. This is down from the previous quarter’s forecast of 12.5% growth.
SCOTTSDALE, AZ – IC Insights’ global IC market forecast has turned negative, with the research firm now predicting a loss of 4% for the year. Prior to the industrywide coronavirus-driven shutdowns, the firm previously guided for 3% growth.