Research firms IDC said that country’s domestic IT spending is expected to drop to -4.5% in 2020 due to the COVID 19 pandemic. Last year it grew by +9.1%. The hardware segment will contribute the maximum to this decline. Software growth is expected to drop to 4.1%, which was 16.7% in 2019. IT services, however, is expected to remain flat at 6.9%. There will be a demand for productivity apps as the remote workforce increases, said the report.

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