This IDC Market Presentation provides an overview of IDC's COVID-19 Tech Index. The IDC COVID-19 Tech Index is a leading indicator for IT spending and is designed to provide rapid updates to changes in buyer sentiment and underlying market indicators before these are factored into official market and macroeconomic forecasts.
The index is based on surveys of enterprise IT buyers around the world who were asked to provide guidance on a variety of factors including general business confidence, overall IT spending plans, and specific changes to budget allocations for individual technologies.
In addition, the index score is weighted with a composite of market indicators, which include macroeconomic forecasts and are calibrated with inputs relating to medical data, social isolation measures, and the impact of government stimulus so that the index score can move more quickly than traditional forecasts.
The index is based on a scale whereby a score higher than 1,000 indicates growth in IT spending, while a score below 1,000 indicates a decline. It is not a replacement for traditional forecasts, which account for a more detailed set of assumptions and inputs. It will provide an early warning directional dashboard for future changes in market sentiment and growth, which will be an input for the next round of IT market forecasts that IDC publishes every month.
This IDC Market Presentation includes additional data from the survey of IT buyers in the United States, Europe, and Asia/Pacific on their spending plans for traditional and 3rd Platform technologies, in addition to technology investments identified for additional budget allocation as a component of crisis response planning.