Sixty percent of surveyed CIOs and IT executives worldwide expect a decline in their IT budget for 2020 as a result of the coronavirus (COVID-19) pandemic. In contrast, only 18 percent expect their IT budget in 2020 to increase, while 22 percent forecast no change in the IT budget. The midpoint average for the impact of COVI-19 on IT budgets worldwide is a decline of 7.7 percent.
For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Fact and Figures page.
Projected impact of COVID-19 on IT budgets worldwide in 2020
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Wikibon. (August 15, 2020). Projected impact of COVID-19 on IT budgets worldwide in 2020 [Graph]. In Statista. Retrieved November 19, 2024, from https://www.statista.com/statistics/1108094/covid-19-impact-on-it-budgets-worldwide/
Wikibon. "Projected impact of COVID-19 on IT budgets worldwide in 2020." Chart. August 15, 2020. Statista. Accessed November 19, 2024. https://www.statista.com/statistics/1108094/covid-19-impact-on-it-budgets-worldwide/
Wikibon. (2020). Projected impact of COVID-19 on IT budgets worldwide in 2020. Statista. Statista Inc.. Accessed: November 19, 2024. https://www.statista.com/statistics/1108094/covid-19-impact-on-it-budgets-worldwide/
Wikibon. "Projected Impact of Covid-19 on It Budgets Worldwide in 2020." Statista, Statista Inc., 15 Aug 2020, https://www.statista.com/statistics/1108094/covid-19-impact-on-it-budgets-worldwide/
Wikibon, Projected impact of COVID-19 on IT budgets worldwide in 2020 Statista, https://www.statista.com/statistics/1108094/covid-19-impact-on-it-budgets-worldwide/ (last visited November 19, 2024)
Projected impact of COVID-19 on IT budgets worldwide in 2020 [Graph], Wikibon, August 15, 2020. [Online]. Available: https://www.statista.com/statistics/1108094/covid-19-impact-on-it-budgets-worldwide/
