COVID-19: Factoring in the Impact on Industry

COVID-19: Factoring in the Impact on Industry

  • March 2020 •
  • 13 pages •
  • Report ID: 5881028 •
  • Format: PDF
This IDC Market Perspective outlines and discusses IDC's views on the impacts and effects of COVID-19 by industry and region. This document provides a framework for how to adjust market forecasts to account for the effect of the crisis."The COVID-19 pandemic has created tremendous uncertainty around IT spending. It is critical that IT vendors understand how it will affect different industries and regions," commented Philip Wirth, research manager, Customer Insights and Analysis. "Every industry will be impacted by this pandemic, but in different and intertwined ways. Businesses around the world have transitioned to a remote workforce and experienced supply chain disruptions, and global markets have been thrown into turmoil. These changes will affect how companies in different industries select and time new technology investments."