TechSci Research ICT Industry Reports

 

ICT Industry Reports

Digitalization has emerged as a key aspect fuelling the economic growth of the countries worldwide while also boosting national security and global competitiveness. The digital economy has a substantial impact on the socio-economic well-being of people, as it has its influence on everything from resource allocation to income distribution and growth.  The ICT sector is gaining a major share in the world's largest economies. For instance, between 2006 and 2016, the US ICT sector increased at an annual average pace of 5.6%, accounting for 6.5% of current-dollar GDP, according to the Bureau of Economic Analysis (BEA). Similarly, the information and communication technology sector account for 4.8 percent of the European GDP. It accounts for 25% of total commercial research and development spending, while ICT investments account for 50% of European productivity gains. In comparison to Seventh Framework (FP7) Program, EU investments in ICT sector are expected to grow by roughly 25% under Horizon 2020. This EU funding will benefit the entire value chain, from basic research to innovative business achievements that are frequently based on emerging technologies. The growing digital economy will compel an organization to keep an eye on the latest developments & related issues in the ICT division.

As a result of investments in IT research programs that began more than a half-century ago, IT has expanded from the laboratory to the office, store, and home and has been incorporated into personal items. From education to health care to commerce, IT is revolutionizing innumerable facets of business, government, and social interaction, and as the potential of IT develops, so do consumers' expectations for it. More people demand IT to do more things quickly, reliably, and with a wider range of applications.

The IT research community has a lot of ideas about how computer science and engineering may be improved and applied to meet those expectations and new ones that will arise as time goes on. Surprisingly, it appears that making practical advances will be more challenging. Surprisingly, it appears that making practical advances will be more challenging. The promise of IT and the problems that must be overcome to fulfill that potential are growing in lockstep, increasing the necessary investment. The rise of markets for IT goods and services is evident to all. Our organization provides in-depth research on all the latest technological innovations and developments that can offer a competitive edge to our clients in the long run.