The growth of global business and government purchases of tech goods and services is set to be heavily impacted by the global coronavirus (Covid-19) pandemic. In February 2020 the market was still projected to grow by three percent compared to 2019. The adjusted forecast from March 2020 shows the market growing by two percent in a probable scenario. In a pessimistic forecast scenario the global market size for tech goods and services might even decrease by two percent in 2020 compared to the previous year.
Impact of coronavirus (COVID-19) on technology market growth forecast 2020
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Forrester Research. (March 16, 2020). Impact of coronavirus (COVID-19) on technology market growth forecast 2020 [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/1106397/global-tech-goods-and-services-growth-covid-19-impact/
Forrester Research. "Impact of coronavirus (COVID-19) on technology market growth forecast 2020." Chart. March 16, 2020. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/1106397/global-tech-goods-and-services-growth-covid-19-impact/
Forrester Research. (2020). Impact of coronavirus (COVID-19) on technology market growth forecast 2020. Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/1106397/global-tech-goods-and-services-growth-covid-19-impact/
Forrester Research. "Impact of Coronavirus (Covid-19) on Technology Market Growth Forecast 2020." Statista, Statista Inc., 16 Mar 2020, https://www.statista.com/statistics/1106397/global-tech-goods-and-services-growth-covid-19-impact/
Forrester Research, Impact of coronavirus (COVID-19) on technology market growth forecast 2020 Statista, https://www.statista.com/statistics/1106397/global-tech-goods-and-services-growth-covid-19-impact/ (last visited December 30, 2024)
Impact of coronavirus (COVID-19) on technology market growth forecast 2020 [Graph], Forrester Research, March 16, 2020. [Online]. Available: https://www.statista.com/statistics/1106397/global-tech-goods-and-services-growth-covid-19-impact/
