Flagging Consumer PC Demand to Dampen Overall IT Spending, IDC Says
Weakening consumer spending for PCs, tablets and smartphones will dampen overall information technology revenue for the 2015-2020 forecast period, said an IDC report Monday. Consumer purchases generated nearly a quarter of IT revenue in 2015, it said. Stronger momentum will…
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come from financial services and manufacturing, it said, and healthcare is expected to remain the fastest-growing industry, with a five-year compound annual growth rate of 5.7 percent. Commercial segments rather than consumer sales will drive moderate growth for the tablet market, said IDC. Worldwide revenue for IT products is projected to grow from $2.4 trillion this year to more than $2.7 trillion in 2020, said the research firm.