Recession Impact On 2023 Global IT Spending Across Segments Will Be Mixed
- IT spending tends to suffer on the downside when the global economy was going down.
- However, enterprise IT spending will remain more resilient than in past recessions due to the structural change induced by the pandemic: a softening growth is expected instead of a severe pullback in IT budgets.
- Mixed prospects across key sectors of IT spending where demand for devices (PC/laptops/tablets/smartphones) will be weaker than for software and IT services.
- The resilience outlook of IT services will bolster Vietnam tech companies’ outlook in 2023.
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