As Middle East tensions continue, IDC sees worsening tech environment

IDC has reiterated its warnings that a long-drawn out war in the Middle East is likely to drastically reduce global IT spending for 2026. The research firm had already cut its 2026 IT spending growth forecast to 9% because of the conflict, a reduction from the 10% growth rate projected before the US and Israel attacked Iran on Feb. 28. But any spending growth could drop to just 5% or 6% if the fighting drags on for a long time, Stephen Minton, group vice president at IDC, said during a client...