TECH SUPPLIER Nov 2016 - Pivot Table - Doc # US40149216
Pivot Table: Worldwide IT Spending 2015–2020 — Worldwide Insurance IT Spending Guide, 2H16
This IDC Financial Insights Pivot Table provides an updated forecast for worldwide insurance IT spending for 2015–2020. Overall, worldwide IT spending is growing, at a compound annual growth rate (CAGR) of 3.7% over the 2015–2020 forecast period, down from 3.9% forecast in 1H16. IDC has adjusted forecasts down 6.5% for 2015, the base year of this forecast period, from 1H16 to 2H16, and similarly for the forecast period, based on actual 2015 data and factors detailed in the Summary of Changes section. Regional forecasts consider unique and differing conditions. Macroeconomic factors and their impact on the insurance industry are outlined in the Forecast Assumptions section.