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For CIOs

Global Tech Market Outlook For 2020 To 2021

Global Markets Settle Into 3% Growth

January 30, 2020

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Why Read This Report

2018 was a very good year for the global tech market. But 2019 was more challenging, and 2020 and 2021 will be even more so in many countries. The US/China trade war, a UK exit from the EU, and weaker economic expansions will generally mean that tech markets in most countries will progressively slow to just 3% growth by 2020 and again in 2021. CIOs will need to trim back their new project portfolios for the next two years and start looking for ways to contain their other costs — especially their cloud expenses. This report helps CIOs navigate the transition from strong tech growth of 2018 to the more difficult environments of 2020 and 2021.

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Table of Contents

  • Global Tech Market Growth Will Slow To 2.8% In 2020 And 3.1% In 2021
  • The US Drives The Global Tech Market With Asia Pulling Its Weight
  • The Club Of Fast-Growth Tech Markets Will Shrink In 2020 And 2021
  • New Project Spending And Business Technology Will Slow In 2020
  • The 2020 Hot Spots And Weak Zones In Software And Hardware
  • Recommendations

  • Start Tightening Your Tech Budget Belts
  • Supplemental Material
  • Related Research Documents

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