According to Gartner, the global software market will observe a double digit growth of 10.5 per cent. Further, the global IT spending is expected to go up to $3.9 trillion, recording growth of 3.4 per cent in 2020.

As per Gartner, growth in enterprise IT spending for cloud-based offerings will be faster than growth in traditional (non-cloud) IT offerings through 2022.

Moreover, the device market is expected to see an overall growth in 2020 despite the challenges that face the Western Europe and Latin American markets.