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I AgreeLockdowns across major regions (Europe, Asia, and North America) due to an increase in the spread of Coronavirus (COVID-19) has a negative impact on the predictive maintenance for manufacturing market. COVID-19 is having an adverse impact on entire elements of the technology segment. ICT spending across the globe is projected to drop around 4%–5% by the end of 2020. The hardware industry is expected to face the most adverse impact on the IT sector. IT infrastructure growth has slowed down owing to the decline in hardware supply and curtailed manufacturing capacity.
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