Information Technology spending this year will likely fall as organisations trim investments in technology in the wake of the Covid-19 pandemic-led slowdown, analysts said.
Other analysts, however, said hardware deals were still being signed, but not at the same pace or size as last year.
“Deals are slow, the overall size of the market will shrink. Software is doing well. Many hardware deals have been signed,” said Sanchit Vir Gogia, chief executive of Greyhound Research.
Analyst:
Sanchit Vir Gogia: Sanchit is the Chief Analyst, Founder & CEO of Greyhound Research, a Global, Award-Winning, Technology & Innovation Research & Advisory firm. To read more about him, click here.
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