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WEBINAR: Global Tech Market Outlook Update For 2019 To 2020

Starting The Downhill Slide From 2018's Peak Growth

Monday, September 23, 2019, 1:00 PM-2:00 PM Eastern time

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Description

This webinar covers Forrester’s updates to our forecast for business and government purchases of information and communications technologies globally and by region for 2019 and 2020.

Key takeaways:

  • Slowing economic growth in the US, China, and Europe and increased uncertainty from trade wars and Brexit will cause tech market growth to slow from 5% in 2018 to 4% in 2019 and 3% in 2020 in constant-currency terms.
  • The US, India, China, and Sweden will continue to have the strongest tech market growth, but even they will see growth slow. The UK and Italy are likely to see drops in tech spending.    
  • New project spending growth will take a hit in 2019 and 2020 as firms react to slowing revenues by trimming their new project portfolios. Spending on business technologies (BT) for winning, serving, and retaining customers will continue to grow faster than the overall tech market, but spending on back-office categories like core transaction systems and hardware will also pick up. Better economies will lead to stronger new project spending.
  • CIOs should plan for how to structure their tech budget and project portfolio to keep up with the market and competitors.

Target audience level: intermediate

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