Prior to the COVID-19 pandemic, International Data Corporation had forecast European artificial intelligence (AI) spending of $10 billion for 2020, and compound annual growth at a 33 percent rate through 2023. With the COVID-19 outbreak, IDC expects even-stronger cloud AI solutions growth, even if information technology dips overall.
Global cloud spending is likely to keep growing, as well.
Overall IT infrastructure spending is expected to decline 2.9 percent to $130.6 billion in 2020, IDC predicts.
IDC's forecast for 2020, after taking into consideration the repercussions of the COVID-19 pandemic and its ensuing economic crisis, is for $69.2 billion in cloud IT infrastructure spending*, a 3.6% predicted annual increase over 2019.
Non-cloud IT infrastructure spending is expected to decline 9.2 percent to $61.4 billion in 2020.
No comments:
Post a Comment