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New Trends & Impact : Global ICT

Key Higlights:

Information & Communication Technology (ICT ) is an enabler of economic progress and a driving force of the global networked economy. The organizations that have mastered the applictaions of next generatons technologies are making waves of market disruptions everywhere. That said, expert more of the same at an accelerated pace in future.

> Worlwide spending on ICT will be nearly USD 4 trillion in 2018, according to the latest global market study by international data corporation (IDC). Ongoing growth will be driven by enterprise investment on cloud services, software and hybrid IT infrastructure. > The consumer market will account for more than USD 1.5 trillion in ICT spending in 2018 and will deliver more than one third of all worldwide spending throuought the forecast period. Consumer spending will also experience the slowest growth over the forecast period with a CAGR of 1.2 percent. Roughly 805 of consumer spending will go to devices and mobile telecom services.

> Banking, discrete manufacturing ,telecommunication and professional services will be the four lasrgets industries for ICT spending in 2018 at more than USD 900 billion combined.While all four industries will invest heavily in applicayions, infrastructure, outsourcing , and telecom services, spending levels will vary depending on industry needs.

> Banking will invest the most in IT outsourcing and project oriented outsourcing (USD 115 billion combined) while telecommunications spending will be led by infrastructure purchases (USD 85 billion).Professional services and banking will experience the fastest growth in ICT spending with five year CAGR of 5.9 % and 5.2 %, respectively

Product CodeMRC_GICT_1
ManufacturerMaxCorp Consulting

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