TECH SUPPLIER Mar 2020 - Market Perspective - Doc # EUR146139720
How COVID-19 Impacts European ICT Markets — Mid March 2020 View
By: Philip CarterChief Analyst, Europe, Thomas VavraAssociate Vice President, Software, CEMA, Peter KosinarProgram Manager, Telecoms Netw., CEE, Carla La CroceSenior Research Analyst, European Industry Solutions, Customer Insights & Analysis, Madalin LazarescuResearch Manager, Romania, Thomas MeyerGeneral Manager and Group Vice President, IDC Europe, Andrea MinonneSenior Research Analyst, Customer Insights & Analysis, Pavel RolandResearch Director, Storage, Systems & Infrastructure Solutions, CEMA, Giorgio NebuloniAVP, European Customer Insights and Analysis, Tom SealSenior Program Director, European Services, Francisco JeronimoAssociate VP, Devices, IDC EMEA, Naima CamaraSenior Research Analyst, European Small and Medium Business Program, Oru MohiuddinResearch Manager, Roz ParkinsonResearch Manager, EMEA Enterprise Networks and Life-Cycle services, Silvia PiaiResearch Director, Europe, Kevin RestivoResearch Manager, European Enterprise Mobility, Andrea SivieroResearch Manager, European Industry Solutions, Customer Insights & Analysis
The coronavirus outbreak across European countries and the necessary containment measures put in place by governments will substantially affect European ICT markets, accelerating the impact already felt from the shocks in Asia. In this extremely fluid scenario, International Data Corporation (IDC) expects to see a significant slowdown in technology spending in 2020 across European organizations, with regional ICT spending growth rates for 2020 expected to halve from 2.8% to 1.4% compared to the December 2019 forecast, as the crisis seeps into virtually all European economies.
"Factors weighing on investment will range from a decrease in customer demand to supply chains breaking up," said Carla La Croce, senior research analyst at IDC Europe. "Nevertheless, there are areas in which spending will grow. There are specific solutions and use cases, such as videoconferencing, intelligent supply, chatbots, and elearning platforms among others, highlighting how technology can help businesses and societies face (and hopefully surmount) these new challenges."
European Enterprise Communications and Collaboration , European Enterprise Communications Services , European Enterprise Infrastructure , European Enterprise Mobility in the 5G Era , European Enterprise Networks and Life-Cycle Services , European Intelligent Big Data and Analytics , European Services Overview , European Small and Medium Business and Startup Strategies , European Smart Connected Devices and Emerging Technologies , European Telco 2025: Services Transformation , European Unified Communications and Collaboration , European Verticals: Use Cases and Strategies , IDC Health Insights: European Value-Based Healthcare Digital Transformation Strategies , IDC Telecommunications Insights: European Technology Priorities and Strategies
Big data analytics and discovery, COVID-19, Cognitive/artificial intelligence, Collaborative applications, Enterprise mobility, Global IT and economic markets, Networking and connectivity devices, Networking services, Robotics, Small and medium-sized business, Unified communications and collaboration