TECH SUPPLIER Apr 2020 - Market Note - Doc # AP45397220
COVID-19 Impact on the Asia/Pacific Services Market: A Quick Snapshot
This IDC Market Note provides a snapshot of how IDC's forecasts for the IT and business markets will be impacted by COVID-19. The COVID-19 pandemic is a fluid situation. The spread of the virus, efforts to mitigate its impact, and the impact on the enterprise IT and business services market will continue to evolve.
"In the face of the pandemic or recessionary sentiments, enterprises are judged in part on how they protect people and reputation: their customers, their employees, and the communities they live in. Some companies may choose panic cut, but more companies will choose to reassure clients about service continuity and look for efficiency and protect the core and foundations for recovery and future growth," says Cathy Huang, associate research director, IDC Asia/Pacific Services and Security.
To help organizations plan their next moves in response to the pandemic, IDC is offering a range of resources including updated market forecasts with multiple outcome scenarios that address future uncertainties. IDC will update these IT services market forecasts on an ongoing basis in the coming months as this outbreak and its economic implications evolve.