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Factoid of the Day Tuesday, August 30, 2016
International Data Corporation (IDC) estimates that worldwide revenues for information technology products and services will grow from nearly $2.4 trillion in 2016 to more than $2.7 trillion in 2020, according to its own release. IDC sees a compound annual growth rate (CAGR) of 3.3% for the 2015 through 2020 forecast period. Over 45% of all IT spending worldwide is expected to come from very large businesses (more than 1,000 employees). Health care is expected to remain the fastest growing industry with a CAGR of 5.7%.
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