Worldwide IT Spending Expected to Post Significant Slowdown in 2016, with China Set to Post its First-Ever Decline, According to IDC

.2016 – Worldwide IT spending is expected to post a major slowdown in 2016, as economic weakness in emerging markets and saturation of the smartphone market combine to result in a significantly slower pace of tech spending growth compared to the past six years. Having posted annual growth of 5-6% in constant currency terms since recovery from the financial crisis in 2010, the global IT market is expected to increase by just 2% this year (in constant currency). Total IT spending on hardware, soft