Analysts' forecast of the COVID-19 pandemic's impact on the U.S. technology market has improved with time. As of the first quarter of 2021, the U.S. tech spending in 2021 is projected to grow by six percent.
Forecast impact of coronavirus (COVID-19) on technology market growth/decline in the United States from 2020 to 2022
Characteristic
2020
2021*
2022*
April 2020 forecast, scenario A (best-case)
-5.2%
-0.1%
-
April 2020 forecast, scenario B (more damaging impact)
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Forrester Research. (March 15, 2021). Forecast impact of coronavirus (COVID-19) on technology market growth/decline in the United States from 2020 to 2022 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1122209/us-tech-market-covid-19-impact-2020/
Forrester Research. "Forecast impact of coronavirus (COVID-19) on technology market growth/decline in the United States from 2020 to 2022." Chart. March 15, 2021. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1122209/us-tech-market-covid-19-impact-2020/
Forrester Research. (2021). Forecast impact of coronavirus (COVID-19) on technology market growth/decline in the United States from 2020 to 2022. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1122209/us-tech-market-covid-19-impact-2020/
Forrester Research. "Forecast Impact of Coronavirus (Covid-19) on Technology Market Growth/Decline in The United States from 2020 to 2022." Statista, Statista Inc., 15 Mar 2021, https://www.statista.com/statistics/1122209/us-tech-market-covid-19-impact-2020/
Forrester Research, Forecast impact of coronavirus (COVID-19) on technology market growth/decline in the United States from 2020 to 2022 Statista, https://www.statista.com/statistics/1122209/us-tech-market-covid-19-impact-2020/ (last visited November 21, 2024)
Forecast impact of coronavirus (COVID-19) on technology market growth/decline in the United States from 2020 to 2022 [Graph], Forrester Research, March 15, 2021. [Online]. Available: https://www.statista.com/statistics/1122209/us-tech-market-covid-19-impact-2020/
