Worldwide information and communications technology (ICT) spending, stands for "Information and Communication Technologies." ICT refers to technologies that provide access to information through telecommunications. It is similar to Information Technology (IT), but focuses primarily on communication technologies. This includes the Internet, wireless networks, cell phones, and other communication mediums.
Scope of the Report:This report studies the Capital ICT Spending market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Capital ICT Spending market by product type and applications/end industries.
Over the years, enterprises worldwide have become increasingly dependent on technology and the Internet for their day-to-day operations. This trend is expected to intensify, leading to the role of IT departments becoming vital and contributing directly to the organization's agenda. The capital market ICT spending crunch is slowly ending after the cataclysmic financial recession of 2008. It is predicted that ICT spending in financial markets will grow because they are moving from a silo-based trading platform toward a centralized banking system, which would improve and integrate the system. The lending and transactional divisions of capital markets, consisting of retail and institutional investment entities, are investing in financial systems to improve liquidity management to raise IT spending.
China accounted for 28% of worldwide IoT spending in 2017, and 29% of total robotics investments, compared to just 12% of traditional ICT spending categories (hardware, software, services and telecom). Japan and some other Asia/Pacific countries are also early adopters of robotics and IoT. 3D printing has seen strong early adoption in China and Germany. Cognitive AI investments are dominated by U.S. businesses, who are also leading the way in AR/VR prototypes. Emerging markets, such as India and Brazil, are major contributors to overall mobility spending, but are still playing catch up when it comes to cloud.
The global Capital ICT Spending market is valued at xx million USD in 2017 and is expected to reach xx million USD by the end of 2023, growing at a CAGR of xx% between 2017 and 2023.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Capital ICT Spending.
Europe also play important roles in global market, with market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.
Market Segment by Companies, this report covers Cognizant
Dimension Data Holdings
Fujitsu
HP
IBM
Market Segment by Regions, regional analysis covers North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers Internet of Things (IoT) Solutions
Robots and Drones
Augmented Reality and Virtual Reality (AR/VR) Headsets
3D Printers
Artificial Intelligence (AI)
Others
Market Segment by Applications, can be divided into Hardware
Software
IT and Communication Services
Frequently Asked Questions
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
- By Type
- By Application
- By Region
- By Country
- By Manufacturer
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
