IT Software Retail

Sourced from Buyshares.uk As the Coronavirus pandemic continues to impact different sectors of the global economy, spending on the enterprise software segment under the Information Technology (IT) industry is projected to take a plunge. Most sub-segments under the enterprise software umbrella will witness a decline in spending while essential ones might have an increase. Data obtained by Buyshares.co.uk indicates that in 2020, the global spending will reach $426 billion, the first drop in ten years. Last year, the spending reached an all-time high of $458 billion, translating to a drop of about 6.98% when compared to the projected figures for 2020. Cumulatively between 2009 and the estimates of 2020, the spending on enterprise software will stand at $3.94 trillion. The lowest spending in t...