This briefing examines how the information and communications (ICT) industry is performing globally and in the largest countries in terms of ICT output. The report also provides data for turnover, market size, industry costs, industry profitability and number of companies. The industry and market overview provides benchmarks against other countries in the relevant region.
This report comes in PPT.
The digitalisation investments are increasing globally. Automation is set to become the key theme for businesses around the world, driven by necessity to increase efficiency and improve resilience to crises such as the COVID-19 pandemic, while emerging technologies will help to achieve this. For consumers, accessibility to the internet and growing offerings in e-commerce, e-banking, e-government and other solutions become increasingly attractive.
The ICT industry’s turnover growth is expected to largely depend on new innovations, as customer volume growth decelerates around the world. The key innovations are expected to come from 5G and 6G, AI, IoT, robotics, factory automation, autonomous vehicles, smart homes and cities, and related segments.
Competition between Western countries and China heats up, due to China’s ambitions in the global ICT environment. In addition, the global campaign to end tax havens’ dominance intensifies, posing risks to countries that depend on tech giants’ financial transactions.
In the data-driven era of 4G internet and upcoming 5G expansion, telecom players seek to expand beyond traditional segments to spur growth. IT solutions for businesses, greater control over content, services digitalisation and related areas are expected to drive primary investments. As a result, telecommunications players are set to become integrated service providers.
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