India’s domestic IT spending to decline 4.5% in 2020: IDC

India’s domestic IT spending, put together hardware, software, and services, is expected to decline 4.5% in 2020, as against a 9.1% growth last year, according to IDC’s Worldwide Black Book Live Edition, March 2020.

While the hardware segment is likely to see a maximum drop in business; there will be a demand on the software side for productivity applications since the pool of remote workforce increases, said IDC in a press release.

On the IT services side, endpoint and network services will witness a stronger demand because of extended remote working options.