target audience: TECH SUPPLIER  Publication date: Aug 2022 - Document type: Web Conference Proceeding: Tech Supplier - Doc  Document number: # US49619422

State of the Market: IT Spending and Recession Impact by Industry


  • Jessica Goepfert Loading
  • Stephen Minton Loading


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This IDC Web Conference provides an update on the state of the IT market and the outlook for technology budgets in 2022–2023, with a focus on vertical industry trends and forecasts. As the global economy enters what many believe will be a global recession, IT projects remain highly prioritized as part of renewed efforts toward achieving digital transformation. Against a challenging backdrop of rising inflation and weakening growth, organizations of all types are adjusting IT budgets to a new economic outlook and building contingency plans for the next 18 months. The impact of a weakening economy will vary significantly across geographies, industries, and business types.


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