According to Gartner, EMEA IT spending is set to reach $798 billion in 2020-- a 3.4% increase over 2019, making 2020 as the year of recovery for the industry following three years of consecutive decline.
“This year declines in the Euro and the British Pound against the US Dollar, at least partially due to Brexit concerns, pushed some IT spending down and caused a rise in local prices for technology hardware," the analyst continues. "However, 2020 will be a rebound year as Brexit is expected to be resolved and the pressure on currency rates relieved.”
Spending on devices (including PCs, tablets and mobile phones) in EMEA is to decline by -10.7% in 2019, the result of higher prices and a lack of "must have" features in mobile phones leading customers to defer upgrades to another year. Device spending will not rebound in 2020, but instead fall by -1.3% as businesses and consumers move away from spending on PCs and tablets.
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