Spending in the Americas grows 8%, Asia Pacific 6% and EMEA 2%


ITC spending in the Americas will grow the most (by 8%to $2.8 trillion) largely due to the USA’s more interconnected economy, greater wealth and an easier path to ‘building back better’ and the strength of the dollar.
Spending in Asia Pacific will grow by 4% to $2.4 trillion. Here there is comparatively less maturity, so some of the growth is helping it catch up with the levels of computer usage in America and Europe. An example is the roll out of 5G networks, which are not being slowed as much by the need to run them in tandem with 4G ones.
EMEA spending on ITC will grow by 2% to $2.3 trillion. Here the region is made of many countries with a wide spread of maturity and wealth, but with less domination of a single nation. We will see high growth rates in the Middle East, Africa and Eastern Europe than we do in the West.
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  2. […] The total ITC market grows by 4% to reach $7.6 trillion; net profit, by 9% to $1.3 trillion […]