The Information and Communication Technology sector (ICT), comprising a wide range of activities from electronic components to telecommunication services, grew steadily at +2.5% in 2015 and will rise by +2.7% in 2016. Being the bedrock of innovation and the source of a multitude of game-changing products, the sector’s influence goes far beyond its estimated 6% share in global GDP. At present, the services segment (70% of sales) and Asia (37% market share) are the two main drivers. Expect IT services, which grow faster than other segments and are less risky to be boosted by the digitalization of the economy. Digital innovation revolutionizes the value chain and promotes new actors while the smart-cities trend offers opportunities for new services and operators. Despite its apparent maturity, the sector remains under constant pressures from: (i) declining prices; (ii) the need to constantly renew the goods and services offered; and (iii) relations between manufacturers and service providers
| File | Action |
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| Information Communication Technologies Global Report | Download |
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