Technology market growth forecast 2020 - Impact of coronavirus (COVID-19)
The growth of global business and government purchases of tech goods and services is set to be heavily impacted by the global coronavirus (Covid-19) pandemic. In February 2020 the market was still projected to grow by three percent compared to 2019. The adjusted forecast from March 2020 shows the market growing by two percent in a probable scenario. In a pessimistic forecast scenario the global market size for tech goods and services might even decrease by two percent in 2020 compared to the previous year.
