The global marketplace for information and communications technology (ICT) will exceed $3.7 trillion this year and will top $4 trillion by 2011, according to Digital Planet 2008, a study released by the World Information Technology and Services Alliance (WITSA) on the first day of its World Congress for Information Technology.
Slowing economies in developed countries will lead ICT spending into a period of slower growth through 2011. However, strong demand in 2007 will spill over into 2008, resulting in annual growth of 10.3% in both years, down from a peak level of 12.3 percent in 2004. Growth in overall ICT spending is projected to decline to 3.6 percent by 2011. The executive summary (pdf file,11MB) and some of the report tables and country tables are available on the Web.
Picture from Creative Commons: Flickr: imagine24
