Worldwide information and communications technology (ICT) spending, including new technologies, is expected to exceed USD 5.6 trillion in 2021 with growth accelerating through the end of the forecast period as new categories account for a growing proportion of overall investments, according to the latest version of the Worldwide Black Book: 3rd Platform Edition from International Data Corporation (IDC), the company said.
By 2021, new 3rd Platform technologies, including Internet of Things (IoT) solutions, robots and drones, augmented reality and virtual reality (AR/VR) headsets, and 3D printers, will account for almost a quarter (23%) of total ICT spending. Overall, 3rd Platform investments, including the Four Pillars of cloud, mobile, big data & analytics, and social, will make up more than 70% of worldwide ICT 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 US businesses, who are also 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.
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,100 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC´s analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. To learn more about IDC, visit www.idc.com. Follow IDC on Twitter at @IDC and LinkedIn.