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
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Forrester Research. (March 16, 2020). Impact of coronavirus (COVID-19) on technology market growth forecast 2020 [Graph]. In Statista. Retrieved November 21, 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 November 21, 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: November 21, 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 November 21, 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/
