ITCandor 2020 predictions – a self-assessment

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Its time to make predictions for 2021; but before I need to appraise those made for this year – which proved to be one of the most disrupted due to the pandemic. As always, I’ve marked each between 1 and 10 based on their accuracy.

No. My top 10 predictions Score Comment
1 The overall ITC market will grow by 0.8% to $6.849 trillion 10 I was spot on on the absolute value. ITC has proved a vital aid during the pandemic
2 The Americas will lead regional ITC spending growth 10 Growth in the Americas was 2%; Asia Pacific was -2%, EMEA was 0% (at current $ exchange rates)
3 Spending on software will grow most, while hardware spending will decline 10 Software grew 8%, hardware decline 4%; IT services grew 3%, Telecom services declines 3%
4 The business market grows; the consumer market continues to fall 4 Consumer spending grew by 0.8%, business by 0.9%. The pandemic changed demand
5 IT Services spending grows most on IaaS and PaaS cloud services, while other offerings ‘flat line’ 8 IaaS grew by 27%, PaaS by 25%; other IT service spending grew by 3%; again the pandemic raised demand
6 The only hardware spending growth will be on solid state disks and processors 7 Processor sales grew 2%, but so did gaming consoles (22%) and PCs (3%); everything else declined
7 Wider adoption of 5G allows spending on mobile telecom service to grow 4 Despite its vital role in the pandemic, telecom mservices declined; wireless was down 3%, while broadbandwas stable v 2019
8 SaaS and Infrastructure will lead the software market 7 SaaS saw the strongest growth (14%), but Infrastructure (6%) was outgrown byOS (11%), application (8%) and database (7%) software
9 Raw storage shipments exceed 2 Zetabytes 10 The number was exceeded in the first 3quarters
10 Governments move against those trading data from social networking 7 The EU Digital Markets Act will address some concerns; on the whole governments were too busy with the pandemic to do much

Overall I claim an 77% accuracy for the year – worse than last year hardly surprisingly.