target audience: TECH SUPPLIER Publication date: Dec 2022 - Document type: Web Conference Proceeding: Tech Supplier - Doc Document number: # US49921522
State of the Market: Recession Impact on IT Spending Webinar
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Abstract
This IDC Web Conference provides an update on the current state of the global IT market and the outlook for technology budgets in 2023, in the context of the latest economic and market indicators. As the global economy slides closer toward a likely recession next year, IT budgets are facing increased scrutiny alongside contingency planning and cost-cutting tactics. IT projects remain strategically prioritized, and surveys confirm a reluctance to reduce the pace of tech spending, but the reality of an economic recession will mean that some short-term disruption is inevitable.