COVID-19 and the subsequent global recession have thrown a wrench into IT spending. Many enterprises have placed new purchases on hold. Gartner recently projected that global spending on IT would drop 8% overall this year — and yet dollars allocated to cloud-based services are still expected to rise by approximately 19 percent, bucking that downward trend.
Underscoring the relative health of the cloud market, IDC reported that all growth in traditional tech spending will be driven by four platforms over the next five years: cloud, mobile, social and big data/analytics. Their 2020-2023 forecast states that traditional software continues to represent a major contribution to productivity, while investments in mobile and cloud hardware have created new platforms which will enable the rapid deployment of ne ..
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