PCs, smartphones and cloud apps are that much more vital for collaboration thanks to workplace lockdowns across the globe, but the economic fallout of the COVID-19 pandemic will see IT spending less on these technologies this year.

Gartner and IDC have revised their forecasts for 2020 in the wake of the pandemic, and the outlook is grim.

[ Check out our "CIO's coronavirus playbook: 7 tips for surviving the crisis" and find out how the coronavirus crisis is impacting digital transformation strategies and putting business continuity plans to the test. | Follow our latest coverage on coping with COVID-19 here. | Get the latest on IT leadership by signing up for our CIO Leader newsletters. ]

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