European ICT spending to reach US$1.2 trillion in 2023 despite fear of recession, says IDC

According to the IDC's Worldwide ICT Spending Guide: Enterprise and SMB by Industry, ICT spending in Europe will reach US$1.2 trillion in 2023 and will surpass US$1.4 trillion by 2026, posting a 5.4% compound annual growth rate (CAGR) over the 2021-2026 period.

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