Coronavirus (COVID-19) adjusted ICT spending growth forecast for Europe 2020-2023

The information and communications technology spending in Europe in 2020 is exptected to decline by almost 3.9 percent compared to the previous year due to the coronavirus pandemic according to a forecast from March 31st, 2020. The most recent forecast also shows a further decline for 2021 and a return to growth in 2022.

ICT spending growth rate comparison for Europe from 2020 to 2023, COVID-19 adjusted February and March

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Source

Release date

April 2020

Region

Europe, EU

Survey time period

2020

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