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 expec...